Akademibokhandeln and Bokus Play Q2 results hit by investments and Sweden’s heatwave

Sweden’s Akademibokhandeln Holding AB has released its Q2 results and it’s not looking good. Turnover down from 316.7 million kronor in 2017 to 314.9 million kronor ($34 million) this year. Operating profit before depreciation and amortisation decreased from SEK 1.9 million to minus 28.1 million (-$3 million). Profit after tax has decreased from – SEK 28.5 Read More …

Toronto library first in world to exceed 20 million digital downloads

Twenty million. That’s how many ebooks and audiobooks have been downloaded from the Toronto Public Library as of July 31. InfoDocket reports the Toronto Library kicked off its digital adventure in 2007, the same year the Kindle store launched in the USA, with just 25 ebooks. Last month it became the first library anywhere in Read More …

Least likely headline you’ll see this year: Ebook company buys film studio for $2.5 bn

Being the former ebook subsidiary of Tencent has its benefits. Buying your own film studio, for example. But actually China Literature, the former ebook arm of Tencent, didn’t need parental help to secure the deal. After a $1 billion IPO in November 2017 – Tencent’s China Literature IPO the biggest in a decade China Literature Read More …

Germany’s ebook market valued at 100 million euros ($114 million) in first half 2018

Revenues up 11.3%, sales up 16.4% and buyers increased by 6.1%, according to the latest survey report from Börsenverein. The survey, which excludes textbooks and specialist books, suggests an extra 2.7 million people bought ebooks in the first six months of 2018 compared to the same period last year. On average German readers are now Read More …

India’s prestigious The Hindu children’s books award claims to be awarded “entirely on merit,” and then excludes any titles that are self-published or published digitally

The Hindu Young World-Goodbooks Awards 2019 are open for submissions, but as so often with these awards the prize is off-limits to any authors who aren’t backed by a traditional publisher. Excellence in writing, illustration and publishing will be recognised, says The Hindu, explaining  the awards will also, acknowledge innovative publishing trends. The awards are Read More …

Amazon to open a Customer Service Centre in Colombia in October, but Latin American and global Kindle expansion remains on the back burner

Amazon is preparing for its second foray into Colombia, with a Customer Service Centre due to open in Bogotá in October, bringing 600 jobs to the city. According to The City Paper the new service center will provide support to Amazon customers worldwide in Spanish, English and Portuguese 24 hours a day, 7 days a Read More …

Brazil’s São Paulo Biennial disappointed with fewer visitors (“only” 663,000) but they spent 33% more

Brazil’s 25th Bienal Internacional do Livro had been expecting 700,000, but only 663,000 book-lovers turned out for the ten day event. But it was good news for sellers, with the average visitor spending R$ 161.57 (US$41.33) – representing 33% growth over the 2016 edition. Brazil’s book stores were hit by transport strikes earlier this year, Read More …

Big Bad Wolf shows the world’s demand for English-language titles, taking 2 million books to Taiwan this week

Big Bad Wolf makes its debut in Taiwan in a few days time, and it’s taking 2 million new English-language books to kick off the event at the New Taipei Exhibition Hall, starting August 17. The Taiwan Big Bad Wolf sales runs through to August 27, so the usual eleven day event, and of course Read More …

Ten global publishing stories not to be missed – 12 August collation

The global publishing market has never been more exciting, and every day myriad publishing stories cross my screen that I’d love to develop here at TNPS, but there simply isn’t time. They do make the TNPS twitter feed. Follow TNPS on twitter here: @thenewpubstd. But twitter is an ephemeral beast. Blink and you miss it. Still, Read More …

Big Bad Wolf Bangkok brings 3 million English language books to Thailand this month. Now selling 15 million books a year to 3 million visitors

Big Bad Wolf Bangkok opened yesterday (Aug 10) and this time it’s three million English-language books laid out at one venue for eleven days of literally non-stop (24/7) book-buying, in a country notable for being somewhere “nobody reads.” This image is from Bangkok 2018 and typifies the Big Bad Wolf scene. New books, stacked high, Read More …