With the Frankfurt Book Fair cancelled, we are taking a preliminary look at the big fall “dealmaking season” a full three weeks after Labor Day. (Ordinarily, we chart pre-FBF deal trends according to the five-plus weeks between Labor Day and the Tuesday before the Fair.) So far, the market for new deals is looking strong in a number of ways, in line with healthy print book sales in recent weeks, and financial reports showing trade publishers managing reasonably well during the pandemic and improving their performance during the summer. Of course it’s too early to know if dealmakers have simply […]
Deals
Deal Volume Holds, As Investment Declines
A month ago we showed that April dealmaking volume in the US was relatively strong, following a big dropoff in the second half of March. The total number of reported six-figure deals was relatively strong as well looking at March and April combined, running only 4 deals (or 4.6 percent) below the average from the previous four years. The biggest change was a sharp decline in the biggest, or major, deals. May statistics tell a similar story, though with more erosion across all six-figure or better deals. Total US deal volume was stable, down 2 percent compared to May 2019, […]
The Deals Are Alright
As you may have noticed informally, deal reports have been looking pretty steady over the past month at PublishersMarketplace.com, and with April coming to an end, we can share some data on dealmaking patterns since the pandemic hit. Broadly speaking, deal volumes were strong in the first half of March up until the cancelled London Book Fair. As companies moved to work from home and shelter-in-place orders rolled out across the country, deal reports got much quieter in second half of March. But April has seen a steady pick up in reports. Looking at the month on its own, we […]
The Fair Is Cancelled But Pre-London Dealmaking Has Been Steady, If Modest In Investment
As regular readers know, we chart the domestic dealmaking data ahead of both the London and Frankfurt Book Fairs. Ordinarily we would provide a first look this Friday and then follow up next Wednesday, but with the cancellation of LBF, we wanted to see how the dealmaking trends have been lining up. The good news is that deal volumes are looking strong overall, only 5.5 percent below last year’s final pre-London total, so likely to finish well ahead of last year. Fiction deals have already rebounded, running 8.6 percent ahead of last year’s final total. And debut fiction deals are […]
The Deal on Pre-Frankfurt Deals: Flat Volume, with Continued Investment in Nonfiction
Following last week’s preview, we’re back with the final stats and trends on the selling season leading into the Frankfurt Book Fair (measured as five weeks plus a day through Tuesday, for consistency across the years). In line with the early view, total domestic US deal volume was flat for the fifth year in a row. As we reported last week, the FBF selling season is about 7.5 percent busier than the springtime selling season ahead of the London Book Fair. That means the FBF stretch averages 140 deals a week and the London season averages 130 deals a week […]
The Early Frankfurt Dealmaking Preview: Steady Volumes, Fewer Big Deals
It’s one of those rare years in which the Frankfurt Book Fair, starting next Wednesday, will be convened six weeks after Labor Day instead of the usual five weeks (probably due to the late Jewish holidays). While we will share the official stats on the pre-FBF selling season a week from now, that schedule variation means we do already have a full sample data set of five weeks and a day for early comparison, which is our usual standard. From what we see in the current data, total pre-Frankfurt domestic deal volume looks to be just about flat again this […]