In January, David Shelley took on a new role for Hachette, as CEO of an English-language management structure that united Hachette U.K. and the Hachette Book Group in the U.S. Read more
After rising costs and sluggish sales cut into profits at HarperCollins, Lagardère Publishing, and Penguin Random House in the first half of 2023, operating margins have bounced back for all three in the first six months of 2024. Lagardère and HarperCollins in particular had marked improvements, with profits soaring on modest sales increases.
HarperCollins global revenues grew 4% to $550m (£436m) in the three months to 31st December 2023, compared to the same period last year, primarily driven by higher digital sales, which benefited from strong audiobooks performance and improved return rates.
Ever since I joined PW in April 1993, my objective has been to write and publish articles that would help everyone in the publishing industry succeed. Leveling the playing field by providing information to help smaller companies and startups compete with entrenched players has been a guiding principle. Read more
Modern-day trade publishing in large houses is a game of numbers, employed in the service of reducing risk. In the world of the Big Five, acquisition meetings can be characterised as boardroom affairs, where data, market analysis and profit projections hold sway. Read more
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 private equity firm KKR has completed its $1.62 billion acquisition of Simon & Schuster. KKR emerged as the winning bidder in early August after Penguin Random House's acquisition for S&S was blocked by the government in late 2022. Not many new details were disclosed about how S&S will operate that were not already revealed when the purchase was first announced. Read more
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.
As someone who's on their sixth novel and has had their ups and downs, I'm aware of how privileged and lucky I have been, and what a shock it can be for debut writers - all the reality of that world, and that new voice and when the book doesn't quite take off, it's a shock. Read more
‘Starting with a blank page is part of what makes writing a book so vulnerable. A novel can be anything, and the way it turns out is highly personal.'
This week we have broken through 10,000 pages on the WritersServices site! Our huge site contains an enormous amount of information which can be accessed through the homepage or through Advice for Writers, which gives a breakdown of what is on the site.
‘Georgette Heyer was my favourite author, then and now.
Mashing genres can be a tricky business. Do it right, and you've created a short story, book or movie that remixes those respective genres' elements in new and exciting ways-for instance, Philip K. Dick memorably using a detective narrative to explore the post-apocalyptic setting of "Do Androids Dream of Electric Sheep?"
POD started off being closely associated with the self-publishing market, as it allows authors to publish for hundreds of dollars, if not zero dollars. It has never really shaken off that association, even though it has been a godsend for authors and publishers alike. Read more
Royalties earned from The Golden Mole, published in the US this week as Vanishing Treasures, will be given towards counteracting ‘the election of a climate-change denier'
'Part of writing a novel is being willing to leap into the blackness. You have very little idea, really, of what's going to happen. You have a broad sense, maybe, but it's this rash leap.'
'I've been lucky'
As someone who's on their sixth novel and has had their ups and downs, I'm aware of how privileged and lucky I have been, and what a shock it can be for debut writers - all the reality of that world, and that new voice and when the book doesn't quite take off, it's a shock. Read more