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Q2 Publishing Sales Rose 27.6% at IDW
Sales in IDW Media's publishing division, which includes the graphic novel imprints IDW and Top Shelf, rose to $6 million in the second quarter ended April 30, 2021 due primarily to the revival of the direct market, which was shut last spring because of the pandemic.
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HC's Murray Sees Higher Sales, More Consolidation Ahead
In a recent presentation, HarperCollins CEO Brian Murray said he sees no signs of consumer book spending slowing down in 2021—nor does he see the trend toward greater consolidation of the industry cooling.
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Wiley Ends Fiscal 2021 on High Note
Helped by a strong performance in the fourth quarter ended April 30, 2021, revenue at John Wiley rose 6% in fiscal year 2021 over fiscal 2020. The company reported operating income of $185 million.
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Bloomsbury Has Double-Digit Gains in Fiscal '21; Buys Head of Zeus
Helped by a 27% increase in sales in North America, revenues at Bloomsbury rose 14% in the fiscal year ended February 28, 2021, while profits increased 22%. The company also announced it bought the U.K. trade publisher Head of Zeus.
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Publishing Sales Rose 22% in Q1
With sales in all categories posting double-digit increases, sales for the 1,358 publishers that report results to the AAP’s StatShot program rose 22.3% over the comparable period in 2020 for the first quarter of 2021.
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Big Trade Publishers Have a Good Start to 2021
First quarter financial reports from five major trade publishers showed the sales momentum that built up through 2020 has carried over into this year.
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HarperCollins Profits Soared in Q1
Big gains in digital and backlist sales combined to drive up profits at HarperCollins by 45% in the quarter ended March 31, 2021, while sales rose 19%.
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S&S Gets Solid Start to 2021
Sales and profits rose in the first quarter of 2021 over the comparable period in 2020 at Simon & Schuster, led by double-digit gains in its international and audio divisions.
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Without Trade Unit, Q1 Results Stabilized at HMH
First quarter sales at learning technology company Houghton Mifflin Harcourt fell 3.7% compared to last year's first period, but its bottom line showed improvement. The trade group saw a 12% jump in sales, but those revenues are not included in HMH's official results.
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Another Quarter, Another Sales Record for Amazon
First quarter revenue at Amazon soared 44%, and profits doubled. Online store sales jumped 44%, to $36.6 billion.
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Writers Orgs Form #DisneyMustPay Joint Task Force
Led by the Science Fiction and Fantasy Writers Association, several professional writers' organizations and authors have formed the #DisneyMustPay task force, petitioning Walt Disney Co. to honor author contracts.
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Publishing Industry Sales Up 16% Through February
Higher sales of print and digital books and a decline in returns contributed to a solid net sales increase in the first two months of 2021 over the comparable period in 2020 for publishers that report to AAP.
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Good First Quarter for HBG
Hachette Book Group sales increased 9.1% in the quarter ended March 31, 2021, over last year's comparable quarter. Sales at all of Lagardère Publishing increased 11.6%.
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Book Biz Closes Out an Unexpected 2020
Profits rose at five big trade publishers in an unprecedented year.
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PRH Worldwide Revenue Hit $4.4 Billion in 2020
Driven by strong sales in the U.S. in 2020, revenue at Penguin Random House increased 4.6% over 2019, while profits jumped 23%. The U.S. accounted for 58% of worldwide sales, up from 56% in 2019.
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Bloomsbury Lifts Forecast for Fiscal 2021
Citing continuing strong demand for books in February, Bloomsbury Publishing said it expects sales for the fiscal year ended February 28, 2021, to be above current market expectations and profits to be "significantly" ahead of previous forecasts.
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Quarto Profits Rose in 2020 Despite Sales Decline
The decision to focus its 2020 list on books that could perform well online, in nontraditional outlets, and in digital formats led to a 6% increase in operating profits at Quarto last year, while revenue declined 7%, to $126.9 million.
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Scholastic Book Fairs Have Another Tough Quarter
Sales in Scholastic's book fairs fell 73% in the third quarter compared to a year ago, contributing to a 26% decline in overall revenue.
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Regnery Revenue Fell in 2020
A good fourth quarter was not enough to offset a first half sales slump at Regnery. The publisher has set a 75,000-copy first printing for Josh Hawley's 'The Tyranny of Big Tech,' which will be published on May 4.
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