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 ]
The longtime president and publisher of Penguin Random House Audio Group in the U.S. will join the company’s global executive committee and add its global audiobook program to her purview. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-21 04:00:00 UTC ]
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Spotify Audiobooks has partnered with W. W. Norton to produce and release the audiobook of Richard Powers' new novel 'Playground,' to be published in September 24. Spotify Audiobooks has been producing 10-15 titles monthly. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-15 04:00:00 UTC ]
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Penguin Random House Audio has opened the application process for the fifth session of its narrator mentorship program, which aims to increase diversity and inclusion within the audiobook industry. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-13 04:00:00 UTC ]
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I’m an audiobook evangelist. I rarely go more than a few days without listening to one, and I’ll blast through two or three in a single road trip. But audiobooks are expensive and their prices don’t seem to be moving downwards like their printed counterparts. So, if you want to score a... Continue reading at PC World
[ PC World | 2024-08-12 15:12:55 UTC ]
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New mysteries and thrillers out this week, as well as multi-cast audiobook mysteries to check out. Continue reading at Book Riot
[ Book Riot | 2024-08-02 15:15:00 UTC ]
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What is, hands down, the best sci-fi and fantasy audiobook you've ever listened to? Continue reading at Book Riot
[ Book Riot | 2024-07-24 15:00:00 UTC ]
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Podium, a renowned audiobook publisher best known for sci-fi and fantasy, has significantly broadened its digital library and the opportunities available to writers. Now a full-service publisher that distributes books in all formats, Podium Entertainment is preparing to launch its inaugural... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-23 04:00:00 UTC ]
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The veteran books editor was let go by the 'Los Angeles Times' in January in one of the largest workforce reductions in the paper's history. Previously, he had served as books editor at 'New York' magazine. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-17 04:00:00 UTC ]
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Love audiobooks? There are plenty of worthy Audible competitors out there. You just need to know where to look. While Amazon-owned Audible dominates the audiobook market, it’s far from the only player in town. Continue reading at Fast Company
[ Fast Company | 2024-07-14 04:30:00 UTC ]
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The acquisition of Dreamscape Media by RBMedia brings together two companies being called 'highly complementary' in the audiobook space. The post Audiobooks: RBMedia’s Acquisition of Dreamscape Media appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-07-11 16:39:41 UTC ]
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The pending acquisition of Dreamscape will add more than 7,000 titles to RBmedia's catalog, giving the audiobook publishing giant more depth in such genres as mystery/thriller and romance. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-10 04:00:00 UTC ]
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Amazon Prime Day is later this month, and the retailer has been promoting the big sale with additional discounts with early Prime Day deals. Right now, members of Amazon Prime can snag three months of an Audible Premium Plus subscription for free. This deal runs through July 31. After the... Continue reading at Engadget
[ Engadget | 2024-07-02 20:42:45 UTC ]
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Music artists say the bundle is ‘cheating’ the royalties system while authors have concerns about how streaming will affect how they’re paid and rights over their workAudio streaming giant Spotify, one of the world’s largest audio platforms, entered the audiobook market last October, offering... Continue reading at The Guardian
[ The Guardian | 2024-07-02 03:23:25 UTC ]
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Based in Frankfurt, Bookwire is to provide ebook and audiobook distribution to the US distributor IPG's clients. The post Germany’s Bookwire in Distribution Partnership with IPG appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-07-01 18:46:13 UTC ]
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Industry group says rise of vocal technology could upend many creative fields, including audiobooks – the canary in the coalmine for voice actorsFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastVoice actors say they’re... Continue reading at The Guardian
[ The Guardian | 2024-06-29 20:00:00 UTC ]
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Washington D.C.'s Folger Shakespeare Library reopens with an impressive new exhibit, audiobook narrators get their due, and more. Continue reading at Book Riot
[ Book Riot | 2024-06-24 15:00:00 UTC ]
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Spotify has a new plan for US subscribers that keeps you on the old $11 monthly pricing — as long as you don’t mind ditching audiobooks. The new Basic tier includes the music and podcast content you get from Premium but without 15 hours of audiobook access, a recently added feature we suspect... Continue reading at Engadget
[ Engadget | 2024-06-21 18:36:40 UTC ]
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Golden Voice narrator Kate Reading joins host Jo Reed to discuss her career in audiobook narration. Her experience with audiobooks began with her first job at the Library of Congress’s Talking Books program, which gave her an education in audiobook narration. In their conversation, Jo and Kate... Continue reading at Literrary Hub
[ Literrary Hub | 2024-06-21 08:01:04 UTC ]
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Spotify has once again drawn the ire of the music industry. The National Music Publishers' Association has called on the Federal Trade Commission to examine the streaming service's addition of audiobook content into all of its paid subscription plans. According to the group's FTC complaint,... Continue reading at Engadget
[ Engadget | 2024-06-12 23:52:55 UTC ]
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A survey from BookNet Canada found that 58% of audiobook listeners in the country obtained their books from free sources, such as the library or YouTube, while 62% of e-book readers and 51% of print book readers found free sources for their reading material. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-11 04:00:00 UTC ]
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