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 ]
Audiobook publisher RBmedia has acquired the audiobook business of Upfront Books and the French company Éditions Thélème. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-07 04:00:00 UTC ]
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Today's edition of Daily Deals is sponsored by HarperCollins Children's Books.`HarperCollins Children's... Continue reading at Book Riot
[ Book Riot | 2022-06-30 14:30:15 UTC ]
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Text-to-speech automated audiobook narration arrives at Bookwire, amid the company's insistence on its respect for human narration. The post Germany’s Bookwire Now Offers Artificial Narration for Audiobooks appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-06-27 12:12:31 UTC ]
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What makes an audiobook stand out? Is it true that narrators can make or break the story? Some experts offer perspectives. Continue reading at Book Riot
[ Book Riot | 2022-06-17 10:36:00 UTC ]
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Spotify has completed its acquisition of digital audiobook distributor Findaway. The Swedish streaming giant has 422 million monthly active users, and will use the Findaway purchase to speed its growth in the audiobook market. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-06-17 04:00:00 UTC ]
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From the best fantasy narrators to YA audiobook narrators, find the best audiobook narrators by genre to narrate your reading! Continue reading at Book Riot
[ Book Riot | 2022-06-16 10:35:00 UTC ]
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The best YA book deals are sponsored by the audiobook edition of We All Fall Down by Rose Szabo. `the audiobook edition of We All Fall Down by Rose... Continue reading at Book Riot
[ Book Riot | 2022-06-11 10:30:00 UTC ]
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Audiobook sales are up for the tenth straight year. Here are the results from a few studies detailing audiobook listener habits. Continue reading at Book Riot
[ Book Riot | 2022-06-08 17:45:20 UTC ]
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Whether you’re looking for romance, sci-fi, history, contemporary fiction, or fantasy, these queer narrators have you covered, like Avi Roque in Cemetery Boys by Aiden Thomas. Continue reading at Book Riot
[ Book Riot | 2022-06-08 10:32:00 UTC ]
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Growth in audiobook revenue by genre was led in 2021 by romance, self-help, and science-fiction per the Audio Publishers Association. The post Audio Publishers Association: US Audiobook Revenues Reach $1.6 Billion in 2021 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-06-07 15:41:05 UTC ]
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'We're in a good position,' says Storytel's Yasmina Jraissati, after the audiobook service Storytel's first five years in the region. The post Audiobooks: Storytel’s Yasmina Jraissati on the Format’s Progress in the Arab World appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-06-03 20:27:27 UTC ]
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Pack those books, queue up an audiobook or two, and make your summer road trip decidedly more bookish with these fun pieces!- Courtney Rodgers Continue reading at Book Riot
[ Book Riot | 2022-05-30 10:31:00 UTC ]
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The best YA book deals of the day, sponsored by the audiobook of Just Your Local Bisexual Disaster. `the audiobook of Just Your Local Bisexual... Continue reading at Book Riot
[ Book Riot | 2022-05-28 10:00:00 UTC ]
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The best YA book deals of the day, sponsored by the audiobook of Every Bird a Prince by Jenn Reese.`the audiobook of Every Bird a Prince by Jenn... Continue reading at Book Riot
[ Book Riot | 2022-05-14 10:30:00 UTC ]
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Clarion Books editorial director Anne Hoppe wasn’t exaggerating when she observed that HarperCollins rep Katie McGarry’s “idea of a vacation is to go work at her local library, putting books directly into the hands of readers.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-05-13 04:00:00 UTC ]
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The best YA ebook deals, sponsored by the audiobook of I Kissed Shara Wheeler by Casey McQuiston.`the audiobook of I Kissed Shara Wheeler by Casey... Continue reading at Book Riot
[ Book Riot | 2022-05-07 10:30:00 UTC ]
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Higher manufacturing and freight costs, and ongoing supply chain and inflationary pressures, resulted in a 16% drop in earnings at HarperCollins for the quarter ended March 31, 2022. Sales rose 5%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-05-06 04:00:00 UTC ]
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The new study from France's publishers indicates that French audiobook fans are moving from CDs and tape to digital audio. The post France’s ‘Digital Barometer’: 27 Percent Trying Audiobooks appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-05-05 01:45:20 UTC ]
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Many of us know Michelle Hart from her wonderful work highlighting queer writers when she was the assistant books editor at O, the Oprah Magazine. Now, she has her own novel to add to the fold: We Do What We Do In The Dark, an exquisitely written, intimately affecting novel about Mallory, a... Continue reading at Electric Literature
[ Electric Literature | 2022-05-03 11:00:00 UTC ]
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Today’s edition of SFF Daily Deals is sponsored by the audiobook edition of Book of Night by Holly Black. `the audiobook edition of Book of Night by Holly... Continue reading at Book Riot
[ Book Riot | 2022-05-02 13:29:19 UTC ]
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