Condé Nast Pulls Investment From FarFetch [caption id="attachment_161701" align="alignright" width="150"] José Neves[/caption] Condé Nast pulled its nearly $300 million investment in the London-based luxury fashion retail marketplace FarFetch, following concerns about the management of the platform. Founded in 2008 by Portuguese billionaire José Neves, who now serves as the company’s CEO and co-chairperson, FarFetch received an early investment of £234 million ($293 million) from Condé, and in 2017, entered into an affiliate link-based partnership with the publisher in return 6% of its shares. But the publishing house, according to The Times, was disconcerted by the amount FarFetch was spending on its marketing strategy and has since gotten rid of its stake in the company. FarFetch, which makes its money by serving as an intermediary between retailers and consumers, and taking a 25% commission from each sale—similar to Net-a-Porter’s business model—is apparently seeing mounting losses. According to its 2019 Q1 report, the company’s gross merchandise value increased by 44% YOY to $415 million and it saw revenue earnings of $146 million, but its losses after tax rose to $109 million from the $50.7 million loss it saw in the same period last year. Condé chairperson Jonathan Newhouse also stepped down from FarFetch’s board of directors in March. Industry Dive Takes on the Banking Industry On Monday, Industry Dive, the Washington, D.C.-based B2B publisher that covers... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2019-07-09 18:18:07 UTC ]
Book fans, it’s time for another round of the hottest book news of the week. For all of the terrors ... Continue reading at Book Riot
[ Book Riot | 2025-05-29 12:30:00 UTC ]
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Workers at Abrams Books have overwhelmingly voted to join United Auto Workers Local 2110, the same union that represents employees at HarperCollins and the New Press. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-05-23 04:00:00 UTC ]
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Libraries’ e-book and audiobook programs are especially vulnerable to the Trump administration’s budget cuts. Libraries across the United States are cutting back on e-books, audiobooks, and loan programs after the Trump administration suspended millions of dollars in federal grants as it tries... Continue reading at Fast Company
[ Fast Company | 2025-05-19 19:30:00 UTC ]
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Your dreams of becoming an audiobook narrator can finally come true! Here's how to use Yoto to record personalized audiobooks for kids. Continue reading at Book Riot
[ Book Riot | 2025-05-15 12:30:00 UTC ]
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Selected publishers are working with an early release of Audible's AI-voiced audiobook production, with translation and accents to follow. The post Audible Opens AI-Narration to Selected Publishers appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-05-13 20:32:00 UTC ]
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Amazon brand will offer more than 100 artificial intelligence-generated voices in English and other languagesAudible has announced plans to use AI technology to narrate audiobooks, with AI translation to follow.The Amazon-owned audiobook provider has said it will be making its AI production... Continue reading at The Guardian
[ The Guardian | 2025-05-13 16:56:54 UTC ]
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Whether you’re a print reader or audiobook listener, this family drama-laden dark Appalachian mystery is a must read. Continue reading at Book Riot
[ Book Riot | 2025-04-16 10:30:00 UTC ]
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Pop on your headphones and immerse yourself in these excellent audiobook mystery series. Continue reading at Book Riot
[ Book Riot | 2025-04-11 11:00:00 UTC ]
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Touting an investment of €1 million, Spotify builds on its French and Benelux audiobook operations to open a new production initiative. The post Spotify Opens French and Dutch Audiobook Production appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-04-11 08:01:49 UTC ]
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The union, which represents workers at HarperCollins and the New Press, has petitioned the National Labor Relations Board to allow Abrams Books employees to vote on unionization. Organizers behind the union drive cited low salaries and a lack of job security as factors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-07 04:00:00 UTC ]
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Freet worked in several positions at HarperCollins before becoming an agent, first with Foundry Literary + Media and most recently with Folio Literary Management. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-03-20 04:00:00 UTC ]
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Audible's Lee Jarit spoke at London Book Fair, describing the company's market gains and ACX's operations. The post London Book Fair: An Audiobook Update From Audible appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-03-19 19:07:05 UTC ]
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The streaming giant has launched a short-form audiobook publishing program for self-published genre fiction authors, following reports of nearly tripling its catalog growth over the past year by attracting younger listeners to its platform. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-03-18 04:00:00 UTC ]
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New Harper Lee short stories coming this fall, a day in the life of an audiobook narrator, the It Books of March, and more news. Continue reading at Book Riot
[ Book Riot | 2025-03-09 15:00:00 UTC ]
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Audiobook subscription service Libro.fm reported 275% growth in new monthly memberships this February, compared to the same period in 2024. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-03-06 05:00:00 UTC ]
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How an audiobook narrator does their work, the art of understanding Colson Whitehead, and a hot new imprint's first releases. Continue reading at Book Riot
[ Book Riot | 2025-03-05 16:00:00 UTC ]
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At the 30th annual Audies, presented by the Audio Publishers Association and held in New York City on March 4, winners across 28 categories were announced. Barbra Streisand’s memoir took home the night's biggest honor, Audiobook of the Year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-03-04 05:00:00 UTC ]
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YS Chi, chairman of Elsevier, and director of corporate affairs for the RELX Group, remains an officer as immediate past chair. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Pallante: ‘What a Privilege To Welcome Brian Back’ n an announcement today (February), the Association of... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-02-05 16:43:36 UTC ]
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