The Association of American Publishers released November StatShot data from reporting publishers, noting trade sales of $818 million for the month, up 6 percent from 2023. Adult books drove the increase, with sales up 10 percent to $571 million. Fiction sales grew 19 percent to $273 million and nonfiction grew 2 percent to $298 million. Hardcover sales were up 8 percent to $228 million (40 percent of the market), paperbacks grew 13.6 percent to $167 million (29 percent), ebooks were up 1 percent to $71.2 million (12 percent), and audio continued to lead digital formats, growing 16 percent to $82 […]
Archives for January 2025
National Book Critics Circle Finalists
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Bertelsmann Employees Will Use ChatGPT Enterprise, Help AI Company In “Distributing” Content
Bertelsmann announced a “strategic collaboration” with OpenAI, a major feature of which seems to a corporate-wide license of ChatGPT Enterprise for its employees, who will use the product “to increase the efficiency of existing processes in the daily workflow.” Additionally, “experts and creatives from the group’s content businesses will work with OpenAI to develop new ways of creating and distributing video, audio, and text content.” Among the sample projects cited in the release, “In marketing, AI will facilitate processes, e.g. with personalized book recommendations on social media at Penguin Random House,” and “at RTL Deutschland, journalists will be supported by […]
Join Our Editors and Authors Buzz Panel Tonight
Tonight at 7 PM Eastern, hear the editors and authors of the season’s most anticipated books discuss their work. Sign up to hear: Katie Yee, debut author of Maggie; or, a Man and a Woman Walk Into a Bar, with editor Judy Clain Nanda Reddy, debut author of A Girl Within A Girl Within A Girl, with editor Cory Hunter Jefferson Fisher, author of The Next Conversation: Argue Less, Talk More, with editor Jacob Surpin Dennard Dayle, author of How to Dodge a Cannonball, with editor Retha Powers Louis Sachar, author of adult debut The Magician of Tiger Castle, with editor Anne Sowards These and dozens of […]