Storytel Increases Profits, Announces New CEO
Storytel released its interim financial report for second quarter of 2024 ended June 30, with sales up 9 percent to SEK924 million ($86.4 million). Operating profit was SEK47 million, up from a loss of SEK(29) million last year, with EBITDA of SEK110 million, compared to SEK42 million in 2023. According to CEO Johannes Larcher, this is “the best financial performance in the history of the company.” “The continued revenue growth coupled with a higher internal share of content, and a significantly improved cost structure due to the measures implemented late last year and early this year, has made us firmly […]
Booker Prize Longlist
The Booker Prizes announced their longlist. The shortlist will be announced on September 16 and the winner will be announced on November 12.
Bookselling: New Owners for Diesel In Brentwood
Alison Reid and John Evans announced on the Diesel bookstore website that they have sold their store in Brentwood after a lengthy search. Richard and Heather Turner take over ownership on August 1. Reid and Evans “will be on hand for a few more months to smooth the transition.” They add: “We are so excited to work to help them keep the store as good as you’ve come to expect and to take it forward into the future. All of your favorite booksellers will be continuing to work in the store.”
Obituary: Francine Pascal
Sweet Valley High creator Francine Pascal, 92, died on July 28 of lymphoma. In 1983, Pascal created the Sweet Valley High series of young adult novels, which went on to launch many companion books, a TV show, and two grown-up sequels, Sweet Valley Confidential (2011) and The Sweet Life (2012). According to the New York Times, Sweet Valley titles have sold more than 200 million copies. Pascal also wrote several other books, including the YA series Fearless and adult novels Save Johanna! and If Wishes Were Horses.
New Books Publishing July 30
This week’s fiction releases include new novels by Dinaw Mengestu and Rainbow Rowell, while Jay Ellis and Drew Afualo publish new nonfiction works. Also out this week is Alison Espach’s THE WEDDING PEOPLE, excerpted in our Buzz Books 2024: Spring/Summer sampler. 21 works of fiction https://bookshop.org/lists/new-fiction-publishing-july-30 5 works of nonfiction https://bookshop.org/lists/new-nonfiction-publishing-july-30 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 July‘s 142 fiction releases, 39 works of nonfiction, and 20 children’s […]