Orbit has launched a new horror imprint called Run For It, which will publish current Orbit horror authors as well as new ones. First titles debut in summer 2025. Tim Holman, svp, publisher of Orbit, says in a release, “We’ve been steadily increasing the number of horror titles we publish each year, and with so many exciting things happening in the horror genre over recent years it seemed the perfect time to launch a dedicated imprint. Our goal is to make Run for It a destination imprint for the most exciting writers in the field—and we can’t wait to take […]
People 7/19
Scholastic’s Slow Sales in Final Quarter Lead to Declines for the Year
Scholastic reported fourth quarter and full year results for the period ended May 31. For the quarter, sales were down 10 percent to $475 million, owing to lower book club sales, “as a result of the resizing efforts to create a smaller, more profitable core business,” the company said in a release. Adjusted EBITDA was down 21 percent to $90.7 million and operating income decreased 49 percent to $47.2 million, due to lower sales per book fair, as well as decreased sales in the Education Solutions segment. “That’s in contrast to our expectations for modest growth,” CEO Peter Warwick said […]
People 7/18
Open Road Launches Podcast With Industry Leaders
Open Road Integrated Media has launched a podcast, “Open Book,” hosted by CEO and National Book Foundation board chair David Steinberger. The podcast repurposes lunchtime conversations that Open Road has been holding for employees at their offices. The first two episodes feature Grove Atlantic publisher Morgan Entrekin and former Pantheon publisher Lisa Lucas, and future guests will include Macmillan CEO Jonathan Yaged, Penguin Publishing Group president Allison Dobson, Authors Equity CEO Madeline McIntosh, City Lights bookstore chief buyer Paul Yamazaki, 37ink publisher and former Bon Appetit editor-in-chief Dawn Davis, literary agent and Writers House president Simon Lipskar, and writer Ted […]
Adult and Children’s Fiction Grows in May
The Association of American Publishers (AAP) reported StatShot numbers for May, with trade sales of $716.8 million in adult and children’s books, up 16 percent over 2023. Adult sales grew 18 percent to $526.0 million, with $297.2 million in fiction (up 25 percent) and $228.8 in nonfiction (up 9 percent). Hardcovers were up 22 percent to $178.4 million (making up 34 percent of total sales in the category), paperbacks were up 20 percent to $184.3 million (35 percent of sales), ebooks sold $71.9 million (14 percent of sales), and digital audio sold $69.2 million (13 percent of sales). Children’s sales […]