Amazon Revenue up as Losses Mount

amazon-logo-squareAmazon’s sales rose 23% to $19.34 billion in the second quarter of 2014, according to the company’s latest earnings announcement.

Even while the e-tailer’s revenue grows, its losses mount. Amazon’s net loss currently stands at $126 million, as compared with a $7 million loss at the end of the same period last year.

That’s despite several bold moves by Amazon this year on a range of fronts–launching the Fire Phone, engaging Hachette in a standoff over the terms of its contract with the publisher, and rolling out the Kindle Unlimited subscription service.

Much more.

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Amazon Helps Authors Set Prices (The Digital Reader)
Addressing an ever more pressing challenge for authors, Kindle Direct Publishing beta-tests a feature that offers users pricing recommendation based on past sales and market information.
Related: Using Data to Make Publishing Decisions–Upcoming Webcast

Scholastic Sees Growth, Expects More (DBW)
Profits at the publisher were up 31% over last year. Paired with a more modest growth in revenue, Scholastic sees predicts a good outlook for 2015 as well.

90% of Libraries Now Lending Ebooks (DBW)
According to the latest report by the American Library Association, that number jumped from 76% in 2012, partly as a result of increased focus among libraries nationwide to improve digital capabilities.

John Ingram Invests in Mediander (DBW)
The new media content and discovery platform receives an early-stage investment from the head of Ingram Content Group.

Baker & Taylor Adds Filtering to Library (DBW)
The distributor’s Axis 360 platform is upgraded with site scoping functionality, allowing libraries to filter out content they don’t want to include in shared collections.

Kensington Combines Digital-First Imprints (Pub Lunch)
Lyrical Press subsumes the eKensington imprint with the goal of establishing “a more robust brand” that attracts digitally published authors.

The Dark Knight Rises on Kindle’s Best-Seller List (Pub Lunch)
The number of Kindle Unlimited titles on Kindle’s top-100 shrunk modestly for the first time since Publishers Lunch started measuring the new subscription service’s footprint there. But books involving Batman surged up the list in the wake of the superhero’s 75th birthday.
Related: How Kindle Unlimited Is Changing the Kindle Best-Seller List

Marvel Discounts Subscription Program (Good E Reader)
Perhaps partly to contend with Batman’s bump in popularity, Marvel makes the first month of access to its 13,000-title catalog available to new subscribers for just $0.99.

Microsoft Works Its Way onto Android (TechCrunch)
Adding its OneNote program to Android-running devices, including Amazon’s new Fire Phone, is one piece of the company’s broader strategy to increase its presence on a wider range platforms.
Related: App Developer Activity Grows Around Fire Phone


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