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 ]
Because AI is apparently just like us, it seems to have romanticized the creative fields. So instead of, say, figuring out how to help me dispute denied insurance claims, it’s more interested in writing children’s books, getting into poetry, and now… narrating audiobooks. Yesterday, The Verge... Continue reading at Literrary Hub
[ Literrary Hub | 2023-01-06 17:02:28 UTC ]
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When you browse Apple Books for your next audiobook, you might come across a few titles with a note that says they were "Narrated by Apple Books." That's because the tech giant has released a catalogue of titles that make use of its new AI-powered digital narration service. The company said the... Continue reading at Engadget
[ Engadget | 2023-01-05 13:10:59 UTC ]
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Apple and Google’s AI turn in a booming market may sound less than human and raise the ire of voiceover actors, but it has cost benefits For the first few seconds, the narrator of Kristen Ethridge’s new romance audiobook, Shelter from the Storm, sounds like a human being. The voice is light and... Continue reading at The Guardian
[ The Guardian | 2023-01-05 06:41:18 UTC ]
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If you need a break from the hustle and cheer of the holidays, there’s nothing better than the ultimate escapist genre: sci-fi. This year has been a good one for those who like their entertainment off-planet or otherwise removed from our reality. We finally got a Predator sequel that isn’t... Continue reading at Engadget
[ Engadget | 2022-12-26 14:15:37 UTC ]
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While it's a bit late for most tech gifts to ship in time for Christmas, there are still many deals going on for those looking to buy something nice for themselves. Apple's AirPods Pro, for one, are down to an all-time low of $200, while Sony's WF-1000XM4 earbuds are still at a low of $178.... Continue reading at Engadget
[ Engadget | 2022-12-23 17:30:24 UTC ]
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Robin Miles was looking for stage and screen roles when she began reading books for the blind. She’s become one of the country’s most celebrated narrators. Continue reading at New Yorker
[ New Yorker | 2022-12-16 16:45:13 UTC ]
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Authors including Nana Kwame Adjei-Brenyah, R. F. Kuang, and Molly McGhee rally with HarperCollins union workers outside the company's headquarters on December 16. Meanwhile, nearly 80% of literary agents responding to a recent poll said they support the ongoing strike. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-12-16 05:00:00 UTC ]
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In perhaps the most significant organized labor effort at a U.S. publisher in almost 50 years, HarperCollins union members went on a lengthy strike this year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-12-16 05:00:00 UTC ]
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Chances are good you know someone who has subscription fatigue from the many digital services that have become essential in our lives. Or maybe you have a loved one getting a new game console or some other exciting new hardware. In either case, we’ve pulled together a number of digital gifts and... Continue reading at Engadget
[ Engadget | 2022-12-14 14:18:30 UTC ]
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More than 500 authors have signed a letter standing with the HarperCollins union as they reach of month of being on strike. Continue reading at Book Riot
[ Book Riot | 2022-12-12 18:27:00 UTC ]
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I’m a daily runner. When I run varies, depending on the day’s contours, but I always lace up and head out. Earbuds in, audiobook on, running app ready to track my slow miles along semi-rural roads. Often, I don’t want to go. No matter how much I practice, I find running difficult. When I was […] Continue reading at Literrary Hub
[ Literrary Hub | 2022-12-08 09:53:23 UTC ]
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Listen for the twists, turns, and secrets in ten of the best audiobook thrillers to listen to this holiday season! Continue reading at Book Riot
[ Book Riot | 2022-12-06 11:34:00 UTC ]
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Photo by Rye White. As we enter what’s basically the last serious working week for corporate publishing (for some, anyway), it’s important to note that as of now, HarperCollins has yet to meet with any of its 250 or so striking contractors who are seeking better wages and benefits, along with... Continue reading at Literrary Hub
[ Literrary Hub | 2022-12-05 16:10:49 UTC ]
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BookBeat is ditching an all-you-can-listen-to audiobook subscription in a major market and offering time-based options in six other countries. The post BookBeat in France: ‘Updated’ Audiobook Subscriptions appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-12-05 13:55:15 UTC ]
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Every Monday through Friday, AudioFile’s editors recommend the best in audiobook listening. We keep our daily episodes short and sweet, with audiobook clips to give you a sample of our featured listens. Actor, author, and film director Lake Bell joins AudioFile’s Michele Cobb to learn more about... Continue reading at Literrary Hub
[ Literrary Hub | 2022-12-05 09:53:28 UTC ]
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From soaring costs to the competition of subscriptions: HarperCollins UK CEO Charlie Redmayne addressed the fundamentals at Frankfurt. The post Publishing Perspectives Forum: Charlie Redmayne appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-12-02 21:30:55 UTC ]
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More than 150 literary agents signed a letter promising to stop submitting new books to HarperCollins to support striking workers. Continue reading at Book Riot
[ Book Riot | 2022-11-30 17:34:23 UTC ]
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Based in Frankfurt, Bookwire's expansion into the French market includes audiobook production and distribution work with Banijay. The post Bookwire Has an Audiobook Deal With France’s Banijay appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-11-30 03:03:33 UTC ]
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Bookwire's half-day 'All About Audio' conference highlighted trends in the fast-growing but still-young popularity of audiobooks in France. (Sponsored) The post Bookwire in France: A ‘New’ Audiobook Market appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-11-23 18:44:09 UTC ]
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In days of yore—that is, my childhood in the paper-mill town of Mexico, Maine—a labor strike looked like an ugly affair. Picketing men in steel-toed boots screamed themselves hoarse at every shift change, their righteous anger rising into a sky thick with the sulfurous clouds of... Continue reading at Literrary Hub
[ Literrary Hub | 2022-11-23 16:38:06 UTC ]
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