Paul Yoon's The Hive and the Honey won the $20,000 Story Prize.
People 3/27
Craig Burke has been promoted to vice president, associate publisher at Berkley.
Audio Sales Continue to Grow, While Returns Fell in 2023
The Association of American Publishers (AAP) released StatShot data from participating publishers for December, and the full year 2023. In December, adult books fell 3.9 percent to $460 million, with $144 million in hardcover sales (down 11.8 percent) and $145 million in paperback sales (down 11.7 percent). Digital formats grew significantly, with ebooks up 10.1 percent to $73 million and digital audio sales up 28 percent to $70.5 million. Children’s book sales gained 5.2 percent in the month to $198 million, with hardcovers down 4.5 percent to $65 million, paperbacks flat at $86 million, and ebooks gaining 82.6 percent to […]
PRH Grows on Acquisitions, SPARE
Bertelsmann announced full year results for 2023, with sales at Penguin Random House of €4.532 billion, up 7.3 percent from €4.223 billion last year. The company attributed the sales increase to acquisitions (taking a majority stake in Sourcebooks and the acquisition of Callisto Media’s publishing assets) as well as strong sales of bestsellers, particularly SPARE. Operating EBITDA was €664 million, compared to €666 million in 2022. “Profits were dampened by negative exchange rate effects, inflation-related cost increases and a positive effect in the previous year from the sale of a building,” the company said in a release. “Special items” accounted […]
New Books Publishing March 26
Lisa Scottoline and Garrard Conley publish new novels this week, while nonfiction includes works by Hanif Abdurraqib and Fareed Zakaria. Also out this week are IF THE TIDE TURNS by Rachel Rueckert, excerpted in our Buzz Books 2024: Spring/Summer anthology, and THE EMPEROR AND THE ENDLESS PALACE by Justinian Huang, available to sample in our Buzz Books 2023: Romance collection. 14 works of fiction https://bookshop.org/lists/new-fiction-publishing-march-26 10 works of nonfiction https://bookshop.org/lists/new-nonfiction-publishing-march-26 From Buzz Books https://buzz.publishersmarketplace.com/ We consult a number of sources in compiling our weekly lists and PM members can see our […]