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 ]
Led by digital audiobooks, sales at HarperCollins rose 4% in the quarter ended September 30 over the comparable period a year ago, and profits jumped 25%. 'Hillbilly Elegy' by J.D. Vance sold 1.5 million copies in the quarter. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-08 05:00:00 UTC ]
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There are really two types of ereaders: Dedicated ebook/audiobook devices or slabs that are more akin to small tablets with E Ink screens. In the first category, the competition is really between Amazon’s Kindle devices and Rakuten’s Kobo readers. Ereaders in the latter group include entries... Continue reading at Engadget
[ Engadget | 2024-11-07 08:00:36 UTC ]
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Black Friday may technically just be one day, but it’s evolved to consume the entire month of November in the US at this point. For the past few years, retailers like Amazon, Walmart and Target have ushered in the holiday shopping season earlier and earlier, and this year is no different. Early... Continue reading at Engadget
[ Engadget | 2024-11-06 16:13:12 UTC ]
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Amazon completely revamped its Kindle family in October when it debuted the entirely new Colorsoft ereader along with updated generations of the other three existing models: the standard Kindle, the Paperwhite and the Scribe E Ink tablet. The new Paperwhite has a slightly larger screen, a bigger... Continue reading at Engadget
[ Engadget | 2024-11-04 16:30:36 UTC ]
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Black Friday may technically just be one day, but it’s evolved to consume the entire month of November in the US at this point. For the past few years, retailers like Amazon, Walmart and Target have ushered in the holiday shopping season earlier and earlier, and this year is no different. Black... Continue reading at Engadget
[ Engadget | 2024-11-04 15:30:52 UTC ]
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With each passing year, Black Friday seems to turn more and more into "Black November," with many retailers starting their holiday sales weeks before the day itself. But while the bombardment of promos can be annoying, it also presents a good chance to beat the rush and finish holiday shopping... Continue reading at Engadget
[ Engadget | 2024-11-01 16:30:39 UTC ]
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Well, it finally happened. After years of waiting and requests, Amazon debuted the $280 Kindle Colorsoft, its first ereader with a color display. The company’s ereaders have dominated this space since the original Kindle came out 17 years ago, but in this case, it feels like Amazon is playing... Continue reading at Engadget
[ Engadget | 2024-10-30 13:15:29 UTC ]
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If you’ve ever tried listening to your favorite playlist only to have it drowned out by chatty commuters, airplane engines or other distracting noises, you might want to consider some headphones with active noise cancelation (ANC). Whether you’re working in a bustling coffee shop, catching a... Continue reading at Engadget
[ Engadget | 2024-10-30 09:00:38 UTC ]
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The new cloud-based software platform, founded by Spanish-language audiobook industry veteran Juliana Rueda Gutierrez, offers an audiobook production option that integrates management, recording, and quality control into a single interface. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-29 04:00:00 UTC ]
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The comedian Jenny Slate reads the audiobook version of “Lifeform,” her new memoir about parenting. Continue reading at The New York Times
[ The New York Times | 2024-10-23 09:02:21 UTC ]
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Spotify has expanded its audiobook service to four new non-English speaking markets: France, Netherlands, Belgium, and Luxembourg. The localized catalog includes 15,000 titles in French and 15,000 in Dutch and Flemish. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-15 04:00:00 UTC ]
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The deals are flying fast and furious this Prime Day, and there's plenty to be had from within Amazon's own ecosystem. Right now, you can snag three months of an Audible Premium Plus subscription for just a dollar a month. It's not quite as good a discount as it was earlier this year (free!),... Continue reading at Engadget
[ Engadget | 2024-10-08 19:11:31 UTC ]
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The main event of the global book publishing calendar is upon us, and this year’s professional program will feature a strong slate of panels and conversations about such issues as AI, the booming international audiobook market, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-27 04:00:00 UTC ]
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Plus: Meta’s AI scrapes the UK, Google digitizes your passport, Chrome syncs your tabs everywhere, and (have you heard?) Apple announces some new iPhones. Continue reading at Wired
[ Wired | 2024-09-14 14:30:00 UTC ]
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The inaugural International Summit of Audio Publishers held September 10 in New York City drew 137 participants who discussed current market conditions, the impact of AI, and what is coming next for the booming industry. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-13 04:00:00 UTC ]
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Translating image to sound is a difficult task, but a necessary one for some readers. The team behind the audiobook adaptation of Darrin Bell's acclaimed 2023 graphic novel 'The Talk' explains how it's done. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-11 04:00:00 UTC ]
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If you grew up in the 1980s, then you probably remember the Carmen Sandiego games and how they turned learning boring old geography into a fun, criminal-catching adventure. Netflix, Gameloft and HarperCollins Productions are bringing the Carmen Sandiego franchise back with a brand new game that... Continue reading at Engadget
[ Engadget | 2024-09-10 19:45:40 UTC ]
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Jarit has been promoted from head of ACX and North America publisher partnerships to global head of publisher and partner relations at Audible, overseeing the audio company’s global acquisitions strategy through its Audiobook Creation Exchange. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-05 04:00:00 UTC ]
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Baroni, formerly SVP, editor-in-chief, and publisher of Harmony Books and Rodale Books at Penguin Random House, will join HarperCollins on October 7 as SVP and publisher for Harvest and Harper Wave, which will now both be housed under the Morrow Group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-05 04:00:00 UTC ]
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The Internet Archive is starting to run out of legal options. Wired reports that the non-profit internet cataloguer of videos, games and books lost its appeal in the US Court of Appeals for the Second Circuit. The court rejected Archive.org’s claim in its ongoing lawsuit with several high... Continue reading at Engadget
[ Engadget | 2024-09-04 20:24:53 UTC ]
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