Finance

Skybound Goes Direct to the Public for Investment
January 25, 2023

Skybound Entertainment has launched a massive campaign to raise up to $75 million directly from the public via a Regulation A investment round on the Republic equity crowdfunding platform.

EDC Works to Rebound
January 6, 2023

Educational Development Corp. continues to work through a host of issues since its sales and earnings peaked in the fiscal year ended February 28, 2021.

Print Book Sales Fell 6.5% in 2022
January 6, 2023

After two years of surprisingly strong sales during the pandemic, unit sales of print books fell 6.5% in 2022 compared to 2021 at outlets that report to NPD BookScan.

October Was a Rough Month for Publishing Industry Sales
December 22, 2022

With sales in the adult books and children’s/young adult categories falling 16.4% and 9.9%, respectively, total industry sales dropped 9.3% in October from a year ago for the 1,370 publishers that report results to AAP’s StatShot program.

Sales Fall in Q2 as Wiley Lowers Sales Forecast for Year
December 7, 2022

Sales fell 3% at John Wiley in the second quarter ended October 31, largely due to a 14% revenue decline in its academic and publishing learning group. Trouble in the group prompted the company to lower its revenue forecast for fiscal 2023, though its earnings predictions remained intact.

Publishing Industry Sales Down 4.5% Through September
December 5, 2022

Total publishing industry sales fell 4.5% through September compared to 2021, with trade sales down 3.3%, at the 1,368 publishers that report revenue to the AAP’s StatShot program. Lower hardcover sales and higher returns were the main drivers in pushing down trade sales.

New Report Finds NYC Publishing, Bookselling Jobs Fell Between 2010 and 2020
December 1, 2022

In a report designed to measure the economic impact of NYC's various publishing segments, the first-of-its-kind study found that the number of book publishing jobs dipped 1.7% between 2010 and 2020, while bookselling jobs tumbled 37.1%. The average book publishing salary was $119,000, compared to a $39,000 wage for booksellers.

Book Sales Continued to Struggle in August
November 16, 2022

Book sales fell 9% in August compared to a year ago at the 1,367 publishers who report data to AAP’s StatShot program. All segments had declines in the month, with sales of adult books down 9.3% and sales of children’s/young adult books declining 10.9%.