Bloomsbury's total revenues have increased by 9% year-on-year in the three months ended 31st May 2016, driven by the children's publishing sector within its consumer division, the publisher revealed in a trading update this morning (13th July). Meanwhile, the company anticipates an increase of £500,000 in profit from its Australian market from March 2017. Bloomsbury's…
Harry Potter is still working his magic for the publisher Bloomsbury after nearly 20 years, with sales more than doubling over the past year thanks to a new illustrated version of the first book in the series. Sales of the enduringly popular books by JK Rowling jumped by 133% in the 12 months to 29…
Bloomsbury’s Cindy Loh, Vice President and US publisher of children’s books, has acquired the world rights to Because You Love to Hate Me, a unique collection of short stories from some of the biggest names in YA publishing and on YouTube. Bringing together 13 YA authors and 13 influential “booktubers” on YouTube, Because You Love…
Bloomsbury Publishing is set to acquire LexisNexis and Jordan family law publishing assets from RELX, subject to approval, for £1.4m. The deal is part of a strategy to increase the proportion of non-consumer revenues to 50% and on completion of the deal Bloomsbury will own the rights to six family law titles, including Duckworth's Matrimonial…
Harry Potter has conjured up another year of wizard sales for Bloomsbury, helping the publisher to ride out a decline in income from adult fiction.
Sales of the boy wizard's adventures grew by 29% last year, following a reissue of all seven novels with new covers by Flintshire-based artist Jonny Duddle. Other star performers were The Sleeper and the Spindle by Neil Gaiman and Paper Towns by John Green, which helped boost revenues at Bloomsbury children's division by 13%, allowing the publisher eke out a modest rise in total profits.
Bookmate, the subscription based social e-reading service, has today announced an agreement with Bloomsbury, Faber Factory and Harlequin. This deal will add more than 15,000 new titles to the Bookmate library.
Bloomsbury Publishing PLC Monday said it has completed the acquisition of Osprey Publishing Ltd, an Oxford-based military and natural history publisher, from private equity ownership for GBP4.6 million in cash and shares. In a statement, Bloomsbury said it acquired the publisher from The Third Alcuin Fund LP, a fund managed by Alcuin Capital Partners LLP, which specialises in making growth capital investments and supporting management buy-outs in smaller-middle market companies based in the UK.
Bloomsbury has acquired naval and military history imprint Conway from Pavilion Books.
The publisher will incorporate Conway's 200 titles, which cover maritime, naval and military history, into its existing publishing programme, with the maritime part of its list sitting along sing Bloomsbury's Adlard Coles Nautical imprint. No sum was divulged for the sale.
Janet Murphy, director of Adlard Coles Nautical, said: "I have long admired [Conway's] breadth of range, thoroughness of content and stable of expert authors,
Amazon is testing an ebook and audiobook subscription service called "Kindle Unlimited" that offers "unlimited access to over 600,000 titles and thousands of audiobooks on any device for just $9.99 a month." Most of the test pages were pulled down Wednesday after some users on the Kindle Boards noticed them, but they are still available through Google Cache and some are still live on Amazon's site.
Amazon's service, which has been rumored for a couple of months, would compete with existing ebook subscription services Scribd and Oyster.
Bloomsbury has put seen a 9% drop in revenue over the three months to 31st May 2014, which chief executive Nigel Newton explained as "a quiet quarter".
Total revenues at the publisher were down 9% compared to the same period in 2013, when they had been up 19% on the year before. In an interim management statement, the company said revenue for the quarter was 7% up compared to the same period in 2012.