Sales at Hachette Book Group fell 4.9% in 2014 from the previous year, according to the publisher’s parent company Lagardère, which finds its full-year profits down 11.7% during the period.
In the U.S. Hachette weathered a difficult 2014, which included an acrimonious dispute with Amazon over ebook margins.
The publisher attributes the 3% drop in digital sales last year primarily to fewer runaway hits than it saw in 2013.
Still, 52% of Lagardère’s earnings for the past year came from its publishing business, which includes Hachette Book Group.
To get all the ebook and digital publishing news you need every day in your inbox at 8:00 AM, sign up for the DBW Daily today!
Trade Sales up Nearly 5% in 2014 (Pub Lunch)
The latest figures from the Association of American Publishers shows full-year revenue for participating publishers hitting $15.7 billion in 2014, up 4.9% from the previous year. The details, plus a caveat.
Amazon Launches Gizmos Store (Re/code)
Amazon Exclusives is meant to help small, innovative brands (many of them start-ups) get their product lines out in front of consumers. The goods available on the Exclusives store can be sold only there or on partner companies’ own sites.
Audible Doubles Down on Original Audiobooks (Good E Reader)
As the digital audiobook market grows, the leading platform is expanding to produce audio content that isn’t connected with print or ebook titles. Audible has thirty such works on the horizon to date.
Related: Audiobook Publishers Chart Growth Among and Beyond Ebook Readers
A Closer Look at Jet (WSJ)
Jet.com, the e-commerce start-up that’s attempting to take on Amazon, shares a few more details about its approach, which includes a variety of discounting capabilities for merchants and customers.
Inside Tolino’s Amazon Strategy (Futurebook)
After bringing the wholesaler Libri on board, the German ebook consortium Tolino appears to be making headway. Amazon still dominates the country’s ebook market, but according to one expert, now that Tolino has announced a self-publishing platform, it has in place all the major components of a full-fledged ebook ecosystem to give the e-tailer a more serious run for its money.
Open Access Bedeviled by Multiple Definitions (Pub Perspectives)
Copyright Clearance Center’s Director of Business Development Christopher Kenneally explains how one of the issues open access advocates are now contending with is the range of understandings as to what it actually means. But that could turn out to be a virtue in disguise for versions of the model gaining more traction.
Disney and Discovery Titles Come to Fuhu (iKids)
The children’s tablet maker lands partnerships with Disney and Discovery to include those companies’ branded content in the subscription-based catalog, called nabi Pass, that Fuhu offers alongside its devices.
Another YouTube Star Lands a Book Deal (Galleycat)
Connor Franta isn’t the first YouTube star to score a publishing contract, but his memoir, to be published by Atria later this year, shows publishers still pursuing younger readers by leveraging robust, built-in audiences in other forms of media. Franta has an enviable 2.79 million Twitter followers.