Lagardere released financial results for the fourth quarter and full year 2023, with fourth quarter publishing sales of €795 million, up 5.8 percent (or 6.1 percent on a like-for-like basis). For the year, sales of €2.809 billion were up €61 million or 2.2 percent from 2022 (up 1.9 percent like-for-like). Recurring EBIT was just below flat at €301 million (down €1 million), though that does not tell the full story, since overall profit before finance costs and tax fell significantly, at €199 million, down from €291 million a year ago. The year’s sales gains were due primarily to a €50 […]
People 2/27
Distribution: New IPG Clients
IPG will sell and distribute Firefly Press in North America starting March 1; Monogatari Novels in the US and Canada starting March 1; Northwestern Publishing House worldwide starting April 1; and Iskanchi Press worldwide starting April 1.
Inkitt Raises $37 Million In Series C
Self-publishing website Inkitt raised another $37 million in Series C financing, led by Khosla Ventures. valuing the company at about $400 million post-money. (That’s only slightly above where they stood after raising $57 million in 2021.) Unfortunately, the capital will help fund “AI to write stories based on your original ideas, and to produce versions of its fiction personalized for specific readers” among other purposes. The facile tech media repeats CEO and founder Ali Albazaz’s claim that “Inkitt, in aggregate, ranks as the number 11 best-selling publisher globally” — to which TechCrunch amusingly adds “above household names like Penguin Random […]
Oprah’s Book Club Pick
Oprah Winfrey chose Lara Love Hardin’s The Many Lives of Mama Love as her next book club pick.
New Books Publishing February 27
Tommy Orange and Anna Quindlen publish novels this week, while new nonfiction includes works by Sloane Crosley, Kara Swisher, and Deborah Jackson Taffa. Also out this week is Madeleine Gray’s GREEN DOT, which is excerpted in our Buzz Books 2023: Fall/Winter anthology. 14 works of fiction https://bookshop.org/lists/new-fiction-publishing-february-27 11 works of nonfiction https://bookshop.org/lists/new-nonfiction-publishing-february-27 From Buzz Books https://buzz.publishersmarketplace.com/ We consult a number of sources in compiling our weekly lists and PM members can see our lists for the coming months on Bookshop. Check out February‘s 68 fiction releases, 42 works of nonfiction; and 26 children’s titles; plus […]