Pearson issued an unaudited report that sums up its entire 2012 fiscal year. One of the most interesting aspects is that Penguin has stated that ebooks now account for 17% of global revenue. The largest growth was in the US, where ebooks account for over 30%, up from 20% in 2011. The company had worldwide revenues of £6.1 billion (USD $9.2 billion).John Fallon, chief … [Read more...] about Penguin Announces eBooks Account for 17% of Global Revenue
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Why the Penguin Merger with Random House Will Kill Overdrive
Most libraries in North American tend to do business with Overdrive to facilitate their content distribution system for ebooks, audiobooks, and video. The 3M Cloud Library system is the new kid on the block and has been around for only three years, though it tends to exclusively focus on the US market. Pearson owned Penguin used to do business with Overdrive and then severed … [Read more...] about Why the Penguin Merger with Random House Will Kill Overdrive
Penguin, Author Solutions Launch India’s New Self-Publishing Platform
Capitalizing on the growing globalization movement associated with digital reading, it's no longer enough to simply bring ebooks to a foreign market. Forward thinking companies are already preparing for the digital publishing revolution sparked by authors' intentions to publish their own works, with several solutions providers working on expanding the reach of digital … [Read more...] about Penguin, Author Solutions Launch India’s New Self-Publishing Platform
US Justice Department Reaches Settlement with Penguin
The US Justice Department just announced that it has reached an agreement with Penguin for agency ebook pricing. Pearson owned Penguin was one of the last holdouts and decided to settle to make way for the merger with Random House. In a statement, the Justice Department's antitrust office said it will continue to press its case against defendants Apple Inc and Holtzbrinck … [Read more...] about US Justice Department Reaches Settlement with Penguin
Penguin Partners with Baker & Taylor for Library eBooks
Penguin has had a tumultuous journey with digital book lending to libraries. In February, the company severed ties with the largest supplier for providing libraries with digital solutions. At the time, Penguin stated that “Looking ahead, we are continuing to talk about our future plans for ebook and digital audiobook availability for library lending with a number of partners … [Read more...] about Penguin Partners with Baker & Taylor for Library eBooks
eBook Review: Easy by Tammara Webber
Verdict: 5 StarsThis title introduced me to a new subcategory in the romance genre: New Adult. All I can say is, it’s about time.For far too long, we’ve had polar opposites in the addressing of sexuality in romance. There were the steamy bodice rippers at one end of the spectrum and on the other end there were the very chaste books aimed at an audience that preferred … [Read more...] about eBook Review: Easy by Tammara Webber
Penguin 3rd Quarter eBook Sales Up 35%
Penguin released its 3rd quarter sales figures today and ebooks are continuing to see massive growth for the company. Digital content is up 35%, thanks to numerous titles that hit the bestseller list. Traditionally, the 4th quarter is the strongest of the year due to holiday sales and post-Christmas ebook purchases by people with new devices.Pearson released the following … [Read more...] about Penguin 3rd Quarter eBook Sales Up 35%
Penguin, Random House Merger Is Official
Only days ago, parties from both Pearson and Bertelsmann, the parent companies of Penguin and Random House respectively, were firmly stating that talks of a merger of the two publishers were only speculation at that point, but today the blending of the two companies has been confirmed by statements from the publishers.While details are still vague, although the publishers … [Read more...] about Penguin, Random House Merger Is Official
Penguin and Random House Merger Creates a Powerhouse Publisher
News has come out that the parent companies of two of the largest trade imprints in the US may be merging in the near future. Rumors that Penguin and Random House may soon become one larger publisher, bringing the Big Six down to the Big Five, circulated following a statement that Pearson and Bertelsmann are in talks.“Pearson confirms that it is discussing with Bertelsmann … [Read more...] about Penguin and Random House Merger Creates a Powerhouse Publisher
Penguin and Random House Might Merge Companies
Parent companies Bertelsmann and Pearson have issued a statement yesterday that the two sides were in negotiations to merge Penguin and Random House. The statement said; “Pearson confirms that it is discussing with Bertelsmann a possible combination of Penguin and Random House."If this deal occurs, which some said is likely to happen will be the largest publishing merger … [Read more...] about Penguin and Random House Might Merge Companies
Publisher Sues for Return of Book Advances
An article for TheSmokingGun.com this week explained how New York-based publisher Penguin is suing a number of authors in order to get back the hefty advances those writers were paid. The advance is the money stipulated in the contract that the author will receive against the sale of the actual books; anything sold past the amount of the original advance then is shared with the … [Read more...] about Publisher Sues for Return of Book Advances
