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 ]
After a three months on strike, unionized HarperCollins employees voted 194 to 10 in favor of the new contract and will return to work on February 21. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-16 05:00:00 UTC ]
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After a backlash, Spotify paused an arrangement that allowed Apple to train machine learning models on some audiobook files. Continue reading at Wired
[ Wired | 2023-02-14 16:03:54 UTC ]
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America's first astronauts from the 1960s were all pulled from the highest ranks of the nation's military. As such, NASA's first few classes tended to conform to a rather specific demographic theme — white, male, flattop haircut you could set a watch too. By the mid-70's however, the space... Continue reading at Engadget
[ Engadget | 2023-02-12 15:30:30 UTC ]
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Details on the agreement are forthcoming, but HarperCollins Union leaders and the publisher have reached a tentative deal. Continue reading at Book Riot
[ Book Riot | 2023-02-10 14:49:53 UTC ]
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HarperCollins has reached a tentative agreement with its striking union that includes an unspecified increase in minimum salaries. The deal was announced shortly after the publisher reported that sales fell 14% in the quarter ended December 31, and that profits plunged 52%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-10 05:00:00 UTC ]
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HarperCollins Publishers and the union representing around 250 striking employees reached a tentative agreement providing increases to entry level salaries Continue reading at ABC News
[ ABC News | 2023-02-10 04:38:56 UTC ]
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After three months of a strike, the two parties reached a tentative deal that includes wage increases and a one-time bonus. Continue reading at The New York Times
[ The New York Times | 2023-02-10 02:56:17 UTC ]
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Viola Davis, one of the best actors of her generation, achieved EGOT status last night at the Grammys when she went home with the hardware for Best Audiobook (Narration and Storytelling), for reading her own memoir, Finding Me. (EGOT is when someone has won an Emmy, a Grammy, an Oscar, and a... Continue reading at Literrary Hub
[ Literrary Hub | 2023-02-06 15:16:55 UTC ]
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Viola Davis won a Grammy Award Sunday for the recording of her memoir, Finding Me. She has previously won an Emmy, Oscar and two Tony awards. Continue reading at CBC
[ CBC | 2023-02-05 22:33:19 UTC ]
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“Why I’m still on strike.” Olivia McGiff’s portraits from the HarperCollins picket line. | Lit Hub “Writers are read for how they write, not what they write about.” Henry Louis Gates Jr. on what makes a “classic” African American text. | Lit Hub Criticism How Jane Fonda somehow combined dance... Continue reading at Literrary Hub
[ Literrary Hub | 2023-02-04 11:30:51 UTC ]
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All hail the paperback release. * Tessa Hadley, Free Love (Harper Perennial, February 7) The HarperCollins Union has been on strike since November 10, 2022. Literary Hub stands in solidarity with the union. Please consider donating to the strike fund. “The stories of break and repair in this... Continue reading at Literrary Hub
[ Literrary Hub | 2023-02-02 16:04:29 UTC ]
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I really love my job. As a book cover designer, I get to read unseen manuscripts and create art to swaddle them in, a visual blanket in which to usher them into the light of day. Working for a major publisher like HarperCollins means my work will be seen around the world, in airports and […] Continue reading at Literrary Hub
[ Literrary Hub | 2023-01-30 09:55:32 UTC ]
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The former president's $49.8 million lawsuit alleges that Woodward and Simon & Schuster breached his copyright interests by publishing an audiobook based on interviews recorded for Woodward’s 2021 book 'Rage.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-30 05:00:00 UTC ]
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On strike since November 2022, the HarperCollins union walkout has become a test case for how labor unions could change the publishing business. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-18 05:00:00 UTC ]
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First week of the controversial memoir’s sales breaks official UK records reports Nielsen, Guinness World Records and WaterstonesPrince Harry’s Spare has sold almost half a million copies in the UK in its first week on sale, making it the fastest-selling nonfiction book since records... Continue reading at The Guardian
[ The Guardian | 2023-01-17 16:13:57 UTC ]
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The Frankfurt-based Bookwire has entered a partnership with Google Play Books for broader automated production of audiobooks. The post Bookwire Expands Its Text-to-Speech Audiobook Offer with Google Play Books appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-01-17 14:43:24 UTC ]
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According to multiple presenters at the Digital Book World conference, ChatGPT has potential to remake the way people write and streamline production and editing, while AI voice replication promises affordable audiobook adaptations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-17 05:00:00 UTC ]
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According to multiple presenters at the Digital Book World conference, ChatGPT has potential to remake the way people write and streamline production and editing, while AI voice replication promises affordable audiobook adaptations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-17 05:00:00 UTC ]
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The book, which so far has no title or publication date, was announced by publisher William Collins, who did not reveal how much Johnson will be paidA memoir by former prime minister Boris Johnson, covering his years as leader, will be published by HarperCollins, it has been announced.The book,... Continue reading at The Guardian
[ The Guardian | 2023-01-16 16:38:43 UTC ]
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From audiobook subscriptions to bullet journals to reading lights, here are some things that can help you meet your 2023 reading goals.- Clare Barnett Continue reading at Book Riot
[ Book Riot | 2023-01-09 11:34:00 UTC ]
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