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 ]
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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While you can do pretty much anything on your phone or tablet, sometimes having a dedicated device is the way to go. Opting for an ereader can help reduce eye strain compared with looking at a smartphone screen for hours on end. The battery will last longer too, and you won't have notifications... Continue reading at Engadget
[ Engadget | 2024-09-03 14:56:49 UTC ]
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A good performance by PRH US, higher audiobook sales, and contributions from recently acquired companies led to a 13% increase in profits on an 8.5% sales gain at the world's largest trade publisher. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-28 04:00:00 UTC ]
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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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