Amid historic disruption in the publishing industry, big questions are-rightfully-being asked. Here, experts weigh in on how books (and the ways we discover them) are going to change.
The rich have got richer as the top 10 global publishing groups saw a collective double-digit jump in sales in 2022. Yet those just outside the highest echelon stuttered, with revenue flat or falling for the next tiers of international conglomerates, as post-pandemic and cost-of-living crisis slowdowns took a toll.
In a move that some in the industry will welcome as putting at least a temporary stop to industry consolidation, the private investment firm KKR has reached an agreement with Paramount Global to acquire Simon & Schuster for $1.62 billion in an all cash transaction.
Just after 4p.m. on Monday afternoon in New York, Simon & Schuster c.e.o. Jonathan Karp announced in a letter to his staff that the company's owner, Paramount Global, had agreed to sell S&S to KKR (Kohlberg, Kravis, Roberts & Co), one of the world's largest investment firms. Read more
When it comes to the publishing industry, the domain has seen several changes due to varying trends. The amalgamation of brilliant minds, innovative ideas, and, most importantly, emerging technologies have encouraged its huge growth. For this reason, the publishing industry is standing strong, with $28.1 billion in revenue as of 2022. Read more
The latest generation of AI is a game changer. Not incremental change-something gentle, something gradual: this AI changes everything, fast. Scary fast.
I believe that every function in trade book publishing today can be automated with the help of generative AI. And, if this is true, then the trade book publishing industry as we know it will soon be obsolete. We will need to move on. Read more
The last few weeks have seen a lot of discussion around author welfare, industry stress and, most recently, publisher resourcing - topics that overlap considerably in my experience. On the latter, I'm not sure I would agree that publishers are less resourced now than they were previously. Haven't we always been stretched?
More than half of authors (54%) responding to a survey by The Bookseller on their experiences of publishing their debut book have said the process negatively affected their mental health. Though views were mixed, just 22% of the 108 respondents to the survey described a positive experience overall with their first publication.
‘My success, I believe, stems from a combination of factors. Firstly, the freedom of self-publishing allowed me to explore and cater to my niche without being constrained by traditional publishing expectations. This direct connexion to readers, without intermediaries, provided invaluable feedback, enabling me to refine and better my work.
For the second in our profiles of bestselling authors, this week we're delighted to speak to Mark Billingham, who was recently presented with three Nielsen Bestseller Awards: gold for selling half a million copies of Sleepyhead, and silver for selling a quarter of a million copies of both Scaredy Cat and Buried, all published by Little, Brown.
My name has always felt, somehow, apart from me. But names, like all words, are approximations. From the day of my birth, I was called Christie, though it wasn't really my name. My real name was Christine. Well, my middle name was Christine. My first name - Miriam - I heard only at the receptionist's window of the dentist's office or on the first day of school. Read more
For the last two years, I've had unexpected success in experimenting with my "chipmunk research method." I was inspired to try this technique after hearing an intriguing comment made by my friend Oriano Belusic, past president of the Canadian Federation of the Blind (CFB).
When book sales spiked in 2020 and 2021, publishers believed one reason for the increase was that more people had turned to reading during the pandemic, and they were hopeful that some of those people would continue to read when things returned to normal. However, a new report from the National Endowment for the Arts seems to dash those hopes.
In early August, after Andrew Lipstein published The Vegan, his sophomore novel, a handful of loved ones asked if he planned to quit his day job in product design at a large financial technology company. Read more