For the most recent fiscal year ending June 30, HarperCollins (the second largest publisher in the US) reported record high sales and profits.
In a July presentation, NPD BookScan analyst Kristen McLean ventured a prediction for how print book sales might finish out the year.
Traditional Publishing Big Five publisher Hachette is doing really, really well. In the US, Hachette Book Group saw revenue increase by nearly 15 percent in the first half of 2021 versus 2020. Parent company Lagardère Publishing had excellent results worldwide, with total revenue increasing 16.4 percent in the first half—and profit growing to 110 million Euro … Read more
Open Road Media, known for its digital marketing strength as well as its own backlist publishing program for ebooks, has acquired UK ebook publisher Bloodhound Books.
Merriam-Webster Kids will launch in fall 2021 and be focused on word books for kids of all ages. The first book in the series, Merriam-Webster’s Word of the Day.
Kensington Cozies will launch at the end of this year and feature stories with “little-to-no violence, profanity, or sex;
Regardless of how the pandemic unfolds, online events will continue, with a focus on meaningful, quality experiences; accessibility; and a sense of community For 18 months now, we’ve been reporting on the many ways authors, publishers, and booksellers have pivoted to online methods of marketing books. The online literary event remains one of the most … Read more
Big-Picture Publishing Trends Yes, Americans are reading more. According to the US Department of Labor, reading time increased by 21 percent between May and December 2020. The biggest increase was among readers between 20 and 34 years old and over 65. Read Jim Milliot in Publishers Weekly. One of the fastest growing . . . This content is only available … Read more
Where there’s smoke… As a reminder, Trendspotting is an occasional feature in Hot Sheet where I segue into first person and discuss informally what’s happening in publishing and media. First up: hardcovers.The hardcover format enjoys tremendous growth in the USThis is a sales trend that pre-dates the pandemic and has been gaining steam this year. … Read more
Skillful use of A+ content can increase the number of readers who decide to buy.