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 ]
Welcome to the shiny new version of Best of Book Riot! Who doesn’t love a glow-up? 💔 Nobel Prize-winning author ... Continue reading at Book Riot
[ Book Riot | 2024-05-15 15:31:13 UTC ]
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How many of these free audiobook sources have you tried, and which ones are your favorite? Continue reading at Book Riot
[ Book Riot | 2024-05-15 10:00:00 UTC ]
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When is a book not a book? When it is performed by a starry cast of hundreds. Except it has always been more complicated than thatNews this week of a 17% hike in the UK’s audiobook sales might seem like a niche business story, but it raises an existential question. What exactly is an audiobook... Continue reading at The Guardian
[ The Guardian | 2024-05-10 17:25:03 UTC ]
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Fox, who worked at HarperCollins Publishers for 35 years and as the company's general counsel for a decade, died on May 2 following an extended illness. Former HC president and CEO Jane Friedman once called Fox "a legend in his own time." Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-05-10 04:00:00 UTC ]
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HarperCollins eked out only a small profit in its latest quarter, with a 14% increase in digital audiobook sales insufficient in offsetting softer sales to Walmart and Costco and slowing sales of romance books and children's books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-05-09 04:00:00 UTC ]
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Audiobooks are fast becoming ‘a major route to market for consumers of books’, the trade body saysThe number of UK audiobook downloads increased by 17% between 2022 and 2023, according to new data from the Publishers Association (PA).Revenue from audiobooks rose 24% across the same period to... Continue reading at The Guardian
[ The Guardian | 2024-05-07 15:28:43 UTC ]
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Mary Beth Thomas, the v-p and director of independent retail sales at HarperCollins, has left the company, PW can confirm. In addition, HarperCollins is offering a voluntary buyout program for salespeople, according to a person familiar with the matter. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-05-03 04:00:00 UTC ]
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Audible is testing a cheaper subscription tier in Australia that sounds like an answer to Spotify’s audiobook push. Like the more expensive plan, the new Standard membership gives you one free title per month. But, similar to gaming services like PlayStation Plus, you lose access to the books... Continue reading at Engadget
[ Engadget | 2024-05-02 19:13:47 UTC ]
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Audio platform Spotify made its first appearance at NewFronts week on Wednesday evening, part of a larger bid from the streaming platform to attract advertising to its growing inventory of digital video. While Spotify remains predominantly a music, podcast and audiobook... Continue reading at AdWeek
[ AdWeek | 2024-05-01 21:11:08 UTC ]
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Report commissioned by HarperCollins shows that uptake in YA fiction in older readers is due to behavioural changes described as ‘emerging adulthood’ or delaying ‘adult’ lifeYoung adult fiction such as The Hunger Games, A Good Girl’s Guide to Murder and the Heartstopper graphic novels might be... Continue reading at The Guardian
[ The Guardian | 2024-04-30 11:59:14 UTC ]
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According to data released by Spotify, users aged 18-34 make up 57% of the platform's audiobook listeners, while television adaptations such as 'Shōgun' and 'The Talented Mr. Ripley' have prompted a surge in demand for specific titles. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-04-19 04:00:00 UTC ]
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The use of ElevenLabs' 'Projects' text-to-speech technology, HarperCollins UK says, can bolster its work in non-English-language audiobooks. The post HarperCollins UK Partners With ElevenLabs AI on Non-English Audiobooks appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-04-19 00:15:08 UTC ]
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The use of ElevenLabs' 'Projects' text-to-speech technology, HarperCollins says, can bolster its work in non-English-language audiobooks. The post HarperCollins Partners With ElevenLabs AI on Non-English Audiobooks appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-04-19 00:15:08 UTC ]
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As I was preparing to record the audiobook version of my forthcoming memoir, Other People’s Words, I had some questions: What do five exclamation points in a row sound like? Four question marks? Strings and strings of periods? My publisher, Spiegel and Grau, had booked three marathon recording... Continue reading at Literrary Hub
[ Literrary Hub | 2024-04-16 08:54:15 UTC ]
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Ebook and digital audiobook use by kindergarten through 12th grade students has exploded in popularity, up 20% since 2022, 286% since 2019. Continue reading at Book Riot
[ Book Riot | 2024-04-03 14:54:32 UTC ]
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Fish swim, birds fly and streaming services increase their prices. That’s (mostly) the way of things. After maintaining the same pricing for Premium for a long time, Spotify looks set to increase it twice within a year in some countries. According to Bloomberg, Spotify Premium will be around $1... Continue reading at Engadget
[ Engadget | 2024-04-03 14:30:13 UTC ]
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As Bologna Book Plus prepares to stage its first Audio Forum, Spotify's audiobook catalogue jumps from 200,000 t0 250,000 titles. The post Spotify Expands Its Premium Audiobooks Offer: Canada, Ireland, New Zealand appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-04-02 20:34:05 UTC ]
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Spotify Premium users in Canada, Ireland and New Zealand will have access to 15 hours of monthly audiobook listening at no extra cost starting on April 9. Subscribers in the US, UK and Australia have had access to this perk for several months. The Premium audiobook catalog now includes more than... Continue reading at Engadget
[ Engadget | 2024-04-02 18:24:44 UTC ]
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OpenAI just announced that it recently conducted a small-scale preview of a new tool called Voice Engine. This is a voice cloning technology that can mimic any speaker by analyzing a 15-second audio sample. The company says it generates “natural-sounding speech” with “emotive and realistic... Continue reading at Engadget
[ Engadget | 2024-03-29 19:03:56 UTC ]
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'One hour of listening to an audiobook on Storytel emits 2.3 grams of CO2e,' the Swedish subscription streamer today reports. The post Storytel’s 2023 Report: The Sound of Sustainability appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-03-28 21:37:15 UTC ]
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