While awaiting the slow gears of litigation and legislation, over 10,000 creators and organizational partners from around the world have signed on to a simple statement of protest, declaring: “The unlicensed use of creative works for training generative AI is a major, unjust threat to the livelihoods of the people behind those works, and must not be permitted.” Among the supporting organizations is the Association of American Publishers (AAP). CEO Maria Pallante said in a press release, “What is true is that creators operate in service to a well-read, informed, and inspired global public, not the unsanctioned, unregulated profits of […]
Now Available: PM Gift Memberships
Answering longstanding requests — and just in time for gift season — we have added the ability to purchase gift memberships to PublishersMarketplace, at any periodicity from one month up to a year. After purchase, you receive a Publishers Marketplace Gift Certificate by email that you can forward to your recipient. On the same theme, remember our hefty 6.7 pound gift idea for your publishing friends, too: Our definitive book on THE TRIAL: The DOJ’s Suit to Block Penguin Random House’s Acquisition of Simon & Schuster remains an amazing document for any publishing library. (We’ve sold more copies this year […]
Quarto CEO Goff to Leave
Quarto Group CEO Alison Goff will step down from her position at the end of the year “due to personal reasons.” She will serve thereafter as an advisor to the board. Goff says in the announcement, “I’ve very much enjoyed my 3 years at Quarto and I hope I have been a catalyst for change.” Controlling owner CK Lau will once again serve as interim CEO starting November 1. Quarto went private in late 2023, with Lau joined by lead minority investor Andrea Giunti Lombardo. At the time, they noted: “In the short term, the company anticipates that revenue will […]
Frankfurt Book Fair Week (Taylor’s Version)
As the trade portion of the Frankfurt Book Fair wraps up, we’re reminded (and remind you) that the biggest book news of the week had nothing to do with the trade show — and oddly has barely been mentioned in most outlets. We are speaking, of course, about Taylor Swift’s limited-edition book TAYLOR SWIFT: The Eras Tour Book, being sold exclusively at Target physical stores on November 29 (and likely to sell out before becoming available online). Everyone’s talking about it, though within the business we fear people are asking the wrong questions and/or coming to the wrong conclusions. Consider […]
Third Quarter Sales Are Flat at Lagardere Publishing, As HBG “Grew Strongly”
Lagardere Publishing issued their brief third quarter trading update on Thursday afternoon, with third quarter sales of €765 million, just below €767 million for the same period a year ago. CEO Arnaud Lagardere said in the release, “Lagardère Publishing maintained a high level of revenue, lifted especially by a standout performance in the United States.” The announcement notes that in the US, “business grew strongly thanks to a publication schedule that included a new Malcolm Gladwell novel (Revenge of the Tipping Point) and strong backlist sales of Freida McFadden’s The Housemaid, together with rising digital sales and a solid performance in […]
NBA Ceremony to Feature Kate McKinnon and Jon Batiste
Actor and comedian Kate McKinnon will host the 75th National Book Awards Ceremony & Benefit Dinner on November 20, and composer and activist Jon Batiste will perform live as well. McKinnon says in the announcement, “I’ve been an invested reader my whole life and am so honored to be part of this event that celebrates the life-changing power of books while recognizing some of today’s most brilliant storytellers.” Batiste says: “Books are sacred sources of refuge, insight and humanity, shaping the world as we know it. am excited to take part in recognizing world class artistry, creativity and the power of […]