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Australian Publishing Is Losing the Copyright Fight
Among the key proposals made by the Australia Productivity Commission is backing the call for ending restrictions on parallel book imports before the end of 2017.
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Potter Lifts Scholastic Results
Trade sales in the quarter ended November 30, 2016 jumped 60% at Scholastic over the comparable period a year ago, led by the market strength of several Harry Potter titles.
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European Publishers Sold $23.3 Billion in Books in 2015
The 28 countries that are members of the EU generated €22.3 billion ($23.36 billion) in total annual sales in 2015, up slightly from €22 billion in 2014, according to a new report by the Federation of European Publishers.
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Publishing Revenue Fell 7% at Wiley
Sales in John Wiley's newly-created publishing segment fell 7% in the second quarter ended October 31, 2016 compared to a year ago. Book sales fell 9% in the quarter.
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Industry Stocks: November 2016 Performances
The Publishers Weekly Stock Index fell 3.8% in November as the share prices of five companies on the PWSI fell in the month and prices of another five rose.
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B&N Second Quarter Sales Fall 4.0%
Barnes & Noble attributed its overall decline in the quarter—which saw retail group sales fall 3.5%, and comparable store sales drop 3.2%—to lower store traffic.
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Adult Books Sales Fell in First Half of 2016
Sales of adult trade books dropped 2.8% in the first half of 2016 compared to the same period in 2015, according to figures released by the Association of American Publishers. Sales in the children’s/young adult segment, meanwhile, rose 0.9% in the same period.
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Hachette Book Group Sees Revenue Up Over 12% in Q3
The 12.9% gain in the quarter at HBG USA excludes results from the Perseus publishing group, which Hachette bought in March. HBG CEO Michael Pietsch said the purchase had a "sizable" and "positive" impact on the house's top line.
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Indigo Sales Rise 5.4%
With revenue up 5.4% in the quarter ended Oct. 1, 2016 over the same period a year ago, Indigo CEO Heather Reisman said she is feeling confident about prospects for the holiday season.
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Earnings Up at HC in Q1, Despite Sales Decline
First quarter earnings for the period ended September 30, rose 14% over the comparable quarter a year ago at HarperCollins, although revenue dropped 5%.
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Industry Stocks: October 2016 Performances
CBS, parent company of Simon & Schuster, was the only company on the Publishers Weekly Stock Index to have an increase in its stock price in October.
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Trade Unit Bright Spot for HMH
Sales in Houghton Mifflin Harcourt's trade division rose 5.9% in the the third quarter ended September 30, 2016 compared to a year ago. With sales in the education group down, total revenue at HMH dropped 7% in the quarter.
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Sales, Earnings Rise at S&S in Q3
Revenue increased 11% in the third quarter of 2016 at Simon & Schuster, while and earnings rose by $1 million, to $44 million.
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Despite Big Earnings Gain, Amazon Disappoints in Q3
Operating income rose 42% in the third quarter of 2016, over last year, but the increase was less than analysts had been expecting. Total sales rose 29%.
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EDC Faces Falling Profits in Q2, As It Invests to Meet Demand
Although Educational Development Corp. saw its revenue soar in the last 18 months—in Q2 sales jumped 105%—investments made to meet rising demand led to a decline in profit in the quarter.
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AAP Reports Uptick in Trade Sales for May
Sales of adult trade books rose 8.9% this May, over May 2015, according to figures released by the Association of American Publishers in its StatShot program.
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Industry Stocks: September 2016 Performances
The Publishers Weekly Stock Index increased 5.9% in September, but that gain was due almost entirely to the jump in the share price of Amazon, which rose $68.15 to close the month 8.9% ahead of its price at the end of August.
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'Cursed Child' Drives Big Gains in Scholastic's Trade Group
Sales of 'Harry Potter and the Cursed Child' helped add almost $70 million to Scholastic’s trade division in the quarter ended August 31, and drove a 104% jump in revenue in the company’s children’s book publishing and distribution group.
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Trade Book Sales Down in Q1 of 2016
According to figures released by the AAP's StatShot program, sales of adult books fell 10.3% and sales of children's/YA titles fell 2.1%, compared to the same period last year.
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Sales at B&N Down Over 6% in Q1
In its first earnings release since firing CEO Ron Boire last month, Barnes & Noble reported that sales fell 6.6% in its first quarter of 2017, which ended July 30.
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