The Library of Congress recently announced changes to its copyright registration deposit requirements. Notably, they have made permanent an accommodation created during the pandemic that allows people to upload digital copies of the material they would like to deposit, in advance of sending hard copies, for faster approval. The LOC writes that applicants who are required to submit a physical copy of the best edition are now “allowed to upload a digital copy of the work and a deposit declaration form confirming that they have sent or intend to send the required physical copies within three days.” The Office “examines […]
Archives for March 2023
Forthcoming: A Bond In Honor of King Charles
Ian Fleming Publications announced a newly-commissioned short novel, reusing the title ON HER MAJESTY’S SECRET SERVICE from 60 years ago, to be published in the UK on May 4. It is billed in celebration of the coronation of King Charles on May 6. “Young Bond” author Charlie Higson wrote the new 144-page book, though he didn’t have much time: “When Ian Fleming Publications came to me with the idea of writing an adult Bond story a little more than a month ago I was thrilled – until I realised it had to be ready for the coronation in May. Getting […]
People 3/31
Barnes & Noble
Quarto Sales Down But Profits Up in 2022
Quarto announced results for 2022, with sales of $141 million, down 7 percent from $151.5 million in 2021, attributing the loss to a downturn in consumer spending and a contraction in the book market. Even so, operating profit was up 32 percent to $21.1 million, which the company credits to “nimble publishing maximizing opportunities which arose, strong cost-control and reduced finance costs.” The company’s net debt is $0.6 million, down from $5.5 million, and long-term borrowings are $9.3 million, down from $28.5 million. They repaid a total of $15 million in loans from C.K. Lau and 1010 Printing during the […]
For 2022, HBG USA Was Lagardere’s Biggest Division
Earlier this month, Lagardere published their full annual report (478 pages long) which offers additional detail on the performance of the publishing division. Notably, due to a combination of the recent Workman acquisition, the unusual strong US dollar, and a weaker performance in France, for the first time ever Hachette Book Group USA generated more revenue for the company than Hachette Livre in France. Sales in the US and Canada reached €867 million, compared to €734 million in 2021 (though in dollars, that converts to sales of roughly $913 million in 2022, and $868 million in 2021; their acquisition of […]