Archives for May 2022
S&S Sees Strong Growth in Q1, Encourages Work/Life Balance
Paramount Global reported first quarter 2022 results on Tuesday morning, with sales at Simon & Schuster of $217 million, up $32 million or 17 percent. The company recorded operating income of $50 million, up significantly over $27 million a year ago. In a memo to staff, ceo Jonathan Karp attributed the continued growth to “the strength of our backlist, favorable returns projections, and the BookTok phenomenon.” He said that, “All of our publishing groups, nationally and internationally, and our distribution client business had double-digit growth.” With those tailwinds Simon & Schuster outperformed the industry, which has been reckoning with very […]
People 5/3
Joe Brosnan has joined Grove Atlantic as senior editor dedicated to acquiring crime fiction. He was previously at St. Martin's/CriminalElement.com.
New Books Publishing May 3
Ali Smith, Emily Henry, Holly Black and Hernan Diaz lead this week’s fiction releases, while nonfiction includes new work from Bill Gates and Will Jawando. Also out today are books by Jasmine Guillory, Susannah B. Lewis and Shelby Van Pelt, all excerpted and available in our Buzz Books 2022: Spring/Summer sampler, and Timothy Janovsky, which is available in our Buzz Books 2021: Romance compilation. 23 works of fiction https://bookshop.org/lists/new-fiction-publishing-may-3 https://shop.aer.io/publishers_lunch/cl/New_Fiction_Publishing_May_/222741 8 nonfiction titles https://bookshop.org/lists/new-nonfiction-publishing-may-3 https://shop.aer.io/publishers_lunch/cl/New_Nonfiction_Publishing_May_/222742 We consult a number of sources in compiling our weekly lists and PM members can see our lists for the coming three months through this reference page. […]
Bonnier Launches Audio Imprint
Bonnier Books UK has launched Twelve Point Audio, an imprint for original podcasts and audio content. Audio director Jon Watt will lead the imprint, which will publish 8-10 projects a year and “will expand Bonnier Books UK’s audio output with a curated list of originated content, brand partnerships and backlist acquisitions in key genres.” Among other projects, Twelve Point has acquired UK and Commonwealth rights to Kendare Blake’s The Three Dark Crowns series from Wolf Literary Services. “The growth of audio continues to be significant for Bonnier Books UK and our authors, and through twelve point audio we look forward to […]