Sales are up 25% at HarperCollins in the first quarter of fiscal 2015. Total revenue is up $406 million, from $328 million last year.
That’s largely thanks to two things: a “modest” boost from the addition of Harlequin, which HarperCollins acquired this summer, and the continued strong performance of Veronica Roth’s best-selling Divergent series, which sold 3.5 million copies in the first quarter alone.
Ebook sales rose 28% in the first quarter, to make up 22% of the publisher’s revenue.
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Barnes & Noble Gets Back into Audiobooks (The Digital Reader)
Nook releases a beta version of a new audiobook app in the Google Play Store, stepping back into a market it stepped out of in June.
Betting on Barnes & Noble (The Motley Fool)
Sizing up the bookseller, one analyst argues Barnes & Noble still has a few key competitive advantages in the retail market and therefore isn’t ready to count it out. Consider his case, then decide for yourself.
What Publishers Get Wrong on Enhanced Ebooks (DBW)
Booktrack co-founder Paul Cameron argues most approaches to enhanced ebooks misunderstand the fundamentals of the e-reading experience, which is why the market for enhanced content remains persistently stuck in neutral, or worse. Here’s how to fix that.
Related: Hear Directly from Paul Cameron at DBW15
Kindle Unlimited Enters Spain and Italy (Good E Reader)
After expanding to the UK at the end of September, Amazon’s ebook subscription service launches in Italy and Spain as well.
In Foreign Rights, Emerging Markets Rise (Pub Perspectives)
According to IPR License founder Tom Chalmers, the most exciting growth when it comes to global rights is in emerging markets like Turkey and China. Self-published authors are also deepening their experience in licensing translations.
Harlequin Sale Gave Boost to Torstar (Pub Lunch)
Torstar, which sold Harlequin to HarperCollins earlier this year, reports third quarter earnings indicating the company made about CA$225 from the deal.
Related: Brian Murray, CEO of HarperCollins, Joins DBW15 to Discuss the Publisher’s Digital Transition
More High-Level Exits in Canada (Pub Lunch)
HarperCollins confirmed this week it’s winding down its distribution business in Canada and removing the position of CEO at HarperCanada, currently filled by David Kent. Now, two Simon & Schuster executives depart that publisher’s Canadian division.
Crown Restructures Christian Imprints (PW)
Ahead of a founding executive’s retirement from Crown Publishing’s Christian division, the publisher appoints new leadership and prepares to relocate the Convergent Books imprint to New York.