Publishers Weekly April 5, 2021

Publishers Weekly magazine is the definitive professional resource covering every aspect of book publishing and book selling. Over 20,000 book and media professionals turn to Publishers Weekly each week for news and information. Publishers Weekly covers the creation, production, marketing and sale of the written word in book, audio, video and electronic formats.

Pays:
United States
Langue:
English
Éditeur:
PWxyz, LLC
Fréquence:
Weekly
6,92 €(TVA Incluse)
189,44 €(TVA Incluse)
51 Numéros

dans ce numéro

1 min
the week in publishing

The Survive to Thrive grant program, created by Ingram Content Group chairman John Ingram, hopes to raise a total of $2 million by the end of May to support indie bookstores and comics shops. The program, to be administered by Binc, has to date raised $1 million, with contributions from Ingram Charities and Ingram Content Group, Bookshop.org, and four of the Big Five publishers. Mikyla Bruder, publisher of Amazon Publishing since 2015, has been named to succeed Jeff Belle as head of Amazon Publishing Worldwide. Belle, who will step down in the summer, has been with Amazon Publishing since its launch in 2009. Norma Jean Sawicki, a longtime children’s book editor, died March 4 at her home in Manhattan. She was 78. Sawicki worked at a number of children’s publishers and, after…

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1 min
online & on-air

The Week Ahead HarperCollins’s acquisition of Houghton Miffl in Harcourt’s trade business is “a solid deal for a company that has shown a shrewd eye for a good buy,” says senior writer Andrew Albanese. publishersweekly.com/hmh More to Come Senior editor Calvin Reid interviews Oriana Leckert, Kickstarter’s director of publishing and comics outreach, about the challenges of the pandemic, Kickstarter’s union, Bookshop.org, and the continued growth of publishing and comics crowdfunding on Kickstarter. publishersweekly.com/kick Children’s Bookshelf Award-winning children’s author Beverly Cleary, whose stories featuring such endearing and enduring characters as Ramona Quimby and Henry Huggins, died on March 25 in Carmel, Calif., at 104. publishersweekly.com/cleary…

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4 min
closing out an unexpected 2020

Last week Penguin Random House reported that it had a 23.3% increase in profits in 2020 over 2019 on a 4.6% gain in revenue, capping a remarkable year for America’s five biggest trade publishers that report financial results. Despite the disruptions caused by the pandemic, all five had annual increases in both earnings and sales. Higher sales of e-books and digital audiobooks and solid gains of backlist titles helped drive the revenue and profit gains. Online sales also rose in the year, offsetting soft sales through bookstores due to pandemic-induced lockdowns. According to PRH parent company Bertelsmann, PRH US had a particularly good year and drove the overall gains for the publisher. PRH US accounted for just over 58% of PRH’s total revenue, or roughly $2.59 billion. In 2019, the U.S.…

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3 min
hc continues to expand with hmh buy

No one in the industry was surprised last week when HarperCollins emerged as the buyer for Houghton Mifflin Harcourt Books & Media, the sixth-largest trade publisher in the U.S. Ever since HC and its parent company, News Corp, lost out to Bertelsmann’s Penguin Random House in its bid to buy Simon & Schuster last November, HC was seen as the favorite to acquire the HMH trade operation, which parent company HMH put up for sale last fall. The biggest question mark was what the purchase price would be. The answer is $349 million in cash. HMH trade had 2020 revenue of $192 million, giving the deal a multiple of 1.8 times revenue; by comparison, PRH is paying $2.175 billon for S&S, roughly 2.4 times its 2020 revenue of $901 million. S&S…

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3 min
deal of the week

Morrow Takes the ‘Measure’ of Erlick William Morrow’s Liz Stein preempted world English rights to Nikki Erlick’s The Measure. The publisher said the debut novel is set in a world where people can find out how much time they have left to live and is being compared to The Age of Miracles and The Immortalists. “As communities, groups of friends, families, and relationships change in dramatic ways, the truth about choice and destiny unravels long-held beliefs about our time on this Earth and our place in the world,” Morrow added. The novel is slated for a 2022 release. International deals have closed in numerous countries and a TV adaptation is also in development, according to the publisher. Erlick is a writer and editor whose work has appeared in, among other outlets,…

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4 min
virtual events, d2c help oregon pubs

Tin House Books and Microcosm Publishing, both based in Portland, Ore., saw gains in 2020, despite the many challenges of the pandemic. “I was so inspired by the members of our community—booksellers, librarians, authors, agents, indie presses—who all came together and did an amazing job leaning on each other,” said Craig Popelars, publisher of Tin House. Popelars said that, though the year proved incredibly challenging, Tin House sales grew 25% over 2019, a result of increased title output, more emphasis on consumer-facing marketing, and greater retail engagement and support for its books. Tin House also benefitted from significant award recognition in 2020: Morgan Parker’s Magical Negro won the NBCC award for poetry and Jenn Shapland’s My Autobiography of Carson McCullers was shortlisted for the National Book Award. “Our poetry program found great…

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