In a memo to its employees, Hachette management credited this success to its use of RoyaltyShare’s Digital Advantage for eBooks platform, a Software-as-a-service offering that automates the collection, processing and normalization of complex digital sales data.
“As digital sales grow and the number of channels rapidly expands, managing and tracking digital sales data is becoming increasing complex and important,” said David Young, Chairman and CEO ofHachette Book Group. “Hachette recognized early on that these functions would be best handled by a company that specializes in automating these processes. HBG was one of the first publishers to sign on to RoyaltyShare and I do not believe the stellar results of the digital sales audit would have been possible without an investment in RoyaltyShare’s advanced platform.”