by Michael Kozlowski from Good e-Reader
The European e-book market has been growing since 2007 when Amazon started selling the original Kindle. Over the course of the next ten years many companies have started to sell digital books, magazines and newspapers. Have you ever wondered what EU markets have the highest e-book penetration and how much the format is generating in revenue? Welcome to the state of the European e-book market.
Continue reading The State Of The European EBook Market
by Calvin Reid from Publishers Weekly
Wattpad, the online writing and reading community and entertainment platform, is partnering with the Hachette Book Group to launch Hachette Audiobooks: Powered by Wattpad, a joint venture that will produce 50 audiobooks based on Wattpad stories.
Continue reading Hachette Partners with Wattpad to Produce Audiobooks
by Jim Milliot by Publisher’s Weekly
Anyone even remotely interested in book publishing knows who the Big Five trade publishers are—if not necessarily in what order they rank. For the record, Penguin Random House sold the most units through NPD BookScan outlets last year, followed by HarperCollins. Simon & Schuster was in third place; last week, S&S reported that its worldwide revenue was $767 million in 2016, down 1.8% from 2015. The Hachette Book Group was #4 in units sold in 2016, a total that includes units from the Perseus Books Group, which Hachette bought last March. Macmillan rounded out the top five.
Continue reading Ranking America’s Largest Publishers
by Kobo Newsroom
Toronto, February 22, 2017 – Booklovers from The Netherlands and Belgium will never run out of things to read thanks to Kobo Plus.
The new subscription service jointly created by Rakuten Kobo, leader in the digital eReading space, and premier online Dutch and Belgian retailer bol.com, offers readers the largest all-you-can-read selection of digital books in The Netherlands and Belgium, with titles ranging from new releases and bestsellers to classics and old favourites, including both Dutch and international titles. Customers can try the eBook subscription service free of charge for 30 days.
Continue reading Kobo Launches Kobo Plus in The Netherlands and Belgium
by Lauren Coleman-Lochner at Bloomberg
Barnes & Noble Inc. investors were bracing for weak results over the holidays. What they got was worse.
The bookstore chain posted profit of 96 cents last quarter, well below the $1.13 analysts estimated. And same-store sales — a closely watched benchmark — plunged 8.3 percent. That was the biggest holiday-quarter decline since 2005.
Continue reading Barnes & Noble Plunges After Worst Holiday Quarter in Decade
by Alex Green at Publishers Weekly
Amazon opened the doors to its first East Coast bricks and mortar bookstore on Tuesday. The 5,800 sq. ft. store, in Dedham, Mass., which is the first of the e-tailer’s physical stores featuring a cafe, is located at Legacy Place, a large commercial retail center ten miles from downtown Boston. The opening is part of Amazon’s nationwide push to open six physical bookstores by the spring. Once all six bricks and mortar locations are open, Amazon will have a total of nine stores across the country.
Continue reading Amazon Unveils First East Coast Bricks and Mortar
by The Japan Times
The use of audiobooks is increasing steadily in Japan, providing a boon to the publishing industry, which is facing declining sales of ordinary books.
Audiobooks already account for 10 percent of book sales in the United States and Europe. In the U.S., audiobooks, which started as cassette tapes to listen to while driving, currently form a market worth ¥160 billion.
Continue reading Aided by Apps, Audiobooks Market Grows in Japan
by Publishers Weekly
The New York Times has eliminated a number of bestsellers lists, although the exact number could not be confirmed Thursday morning. Cutting the various lists is part of an overall plan by the paper to revamp its coverage of publishing.
Continue reading New York Times Cuts a Range of Bestseller Lists
via BBC News
Apple and Amazon have ended a deal that tied them into an exclusive contract for the supply and sale of audio books.
The deal was signed before 2008 when Amazon bought audio book supplier Audible, which had the Apple iBooks contract.
Continue reading Amazon and Apple End Exclusive Deal on Audio Books
by Mark Coker
If you could see into the future, what would you do to change it?
Each year I polish off my imaginary crystal ball and attempt to divine how the boiling crosscurrents of technology, competitive intrigue, author aspirations, and reader tastes will shape the opportunities facing authors, publishers and retailers for the year ahead.
As I caution each year, the prediction game is fraught with folly. No one really knows what will happen tomorrow, though there are plenty of clues.
Book publishing is in the grip of multiple long-term macro trends. Like strong trade winds, these forces will fill the sails of those who can harness them while swamping those who don’t.
Continue reading 2017 Book Industry Predictions: Intrigue and Angst Amid Boundless Opportunity