Bertelsmann reported financial results for 2021, with Penguin Random House showing increased revenues and operating results “thanks to numerous successful new releases, robust backlist sales and continued high demand for digital audiobooks.” Sales were €4.03 billion, up 6 percent from €3.802 in 2020. Operating EBITDA was €755 million compared to €691 million, a 9.2 percent increase. The company noted, “In addition to the recovery of the advertising-financed businesses, the positive performance of the book publishing and services businesses was a key factor in this strong revenue growth.” US-based sales were €2.275 billion, up €67 million. (That growth is made smaller […]
Imprints: Harper Select
HarperCollins Focus will launch a new imprint, Harper Select, which “will focus exclusively on memoir and narrative nonfiction titles.” Senior vp and publisher Matt Baugher will acquire, manage, and edit each title, the first of which is slated to publish in November. “My vision is to hand-select an exclusive number of projects each year that are uniquely positioned to capture the interest of the reader through amazing experiences and the people who’ve lived them,” Baugher said. “Harper Select will be a natural extension of the HarperCollins Focus overall position in the marketplace—one that equips readers to lead a life of significance, […]
Bloomsbury Increases Full-Year Guidance Again
Bloomsbury issued a second increase to their full year guidance for the year ended February 28 after a strong final month, now expecting sales of £212.5 million and profit before taxation and highlighted items of £22.3 million. The results are due predominantly to the newest title from Sarah J. Maas, which “instantly became a number one global bestseller” in February. The Bloomsbury Digital Resources division also exceeded the company’s target, with £15 million of sales and £5 million in profit in the year. The company will release their preliminary results in May. Additionally, John Bason will join the board as a […]
Windham-Campbell Prizes
BISG Industry Awards
The Book Industry Study Group announced the winners of their industry awards.
PEN/Faulkner Literary Champion
The PEN/Faulkner Foundation named Oprah Winfrey as the 2022 PEN/Faulkner Literary Champion, which "recognizes a lifetime of devoted literary advocacy and a commitment to inspiring new generations of readers and writers."