and more.
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Another Quarter, Another Sales Record for Amazon
First quarter revenue at Amazon soared 44%, and profits doubled. Online store sales jumped 44%, to $36.6 billion.
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Writers Orgs Form #DisneyMustPay Joint Task Force
Led by the Science Fiction and Fantasy Writers Association, several professional writers' organizations and authors have formed the #DisneyMustPay task force, petitioning Walt Disney Co. to honor author contracts.
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Publishing Industry Sales Up 16% Through February
Higher sales of print and digital books and a decline in returns contributed to a solid net sales increase in the first two months of 2021 over the comparable period in 2020 for publishers that report to AAP.
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Good First Quarter for HBG
Hachette Book Group sales increased 9.1% in the quarter ended March 31, 2021, over last year's comparable quarter. Sales at all of Lagardère Publishing increased 11.6%.
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Book Biz Closes Out an Unexpected 2020
Profits rose at five big trade publishers in an unprecedented year.
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PRH Worldwide Revenue Hit $4.4 Billion in 2020
Driven by strong sales in the U.S. in 2020, revenue at Penguin Random House increased 4.6% over 2019, while profits jumped 23%. The U.S. accounted for 58% of worldwide sales, up from 56% in 2019.
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Bloomsbury Lifts Forecast for Fiscal 2021
Citing continuing strong demand for books in February, Bloomsbury Publishing said it expects sales for the fiscal year ended February 28, 2021, to be above current market expectations and profits to be "significantly" ahead of previous forecasts.
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Quarto Profits Rose in 2020 Despite Sales Decline
The decision to focus its 2020 list on books that could perform well online, in nontraditional outlets, and in digital formats led to a 6% increase in operating profits at Quarto last year, while revenue declined 7%, to $126.9 million.
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Scholastic Book Fairs Have Another Tough Quarter
Sales in Scholastic's book fairs fell 73% in the third quarter compared to a year ago, contributing to a 26% decline in overall revenue.
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Regnery Revenue Fell in 2020
A good fourth quarter was not enough to offset a first half sales slump at Regnery. The publisher has set a 75,000-copy first printing for Josh Hawley's 'The Tyranny of Big Tech,' which will be published on May 4.
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