How Alexa, Echo, and other devices became a drag on Amazon’s revenue

Sure, R&D is expensive, but the issues run deeper. When Amazon CEO Andy Jassy announced earlier this week that Amazon would be conducting layoffs, he called out one team in particular: devices and books, which is responsible for products including Alexa, Kindle readers, Echo smart speakers, Fire tablets, Ring doorbells, and a household robot known as Astro.Read Full Story Continue reading at 'Fast Company'

[ Fast Company | 2022-11-26 05:00:00 UTC ]
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BA says Amazon ‘gaming system’ as £63m business rates bill revealed

The Bookseller's Assocation has warned Amazon is "gaming the system" and branded the business rates regime "unfair" yet again after it emerged the online retail giant paid £63m in business rates despite recording £8bn in UK sales. Continue reading at The Bookseller

[ The Bookseller | 2019-01-10 00:00:00 UTC ]
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Revenue drop at Pottermore 'in line with expectations'

Sales and profits fell at Harry Potter site Pottermore in the year to end March 2018. Continue reading at The Bookseller

[ The Bookseller | 2019-01-05 00:00:00 UTC ]
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At libraries, drag queen story hours draw big crowds . . . and lawsuits

Drag queen story hours at libraries have proven popular with kids and adults, but some conservatives have challenged the sessions in courts. Since debuting in San Francisco a little over three years ago, drag queen story hours—where performers read from children’s books to crowds of kids and... Continue reading at Fast Company

[ Fast Company | 2019-01-04 00:00:00 UTC ]
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Amazon UK brings in ebook gifting

Amazon.co.uk has brought in a 'Buy for others' option on the detail page for Kindle books to allow people to gift ebooks. Continue reading at The Bookseller

[ The Bookseller | 2018-12-25 00:00:00 UTC ]
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Amazon's Lake Union to publish up-lit debut Oliver Clock

Amazon Publishing's Lake Union imprint has won an auction to publish debut author Jane Riley's "uplifting, feel-good" novel The Likely Resolutions of Oliver Clock. Continue reading at The Bookseller

[ The Bookseller | 2018-12-22 00:00:00 UTC ]
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Authors Newman and Coe urge readers to turn to high street after stock delays at 'Scrooge' Amazon

Authors Cathy Newman and Jonathan Coe have urged customers to take their business to the high street this Christmas season after suffering stock shortages of their titles on Amazon.co.uk. Continue reading at The Bookseller

[ The Bookseller | 2018-12-21 00:00:00 UTC ]
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Amazon takes on textbook counterfeiting in 'sting operation'

Amazon is tackling sales of counterfeit textbooks on its US site after suspending the accounts of booksellers allegedly selling counterfeit books in a major online sting. Continue reading at The Bookseller

[ The Bookseller | 2018-12-18 00:00:00 UTC ]
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Pro tip: Do not drag J.K. Rowling and her writing room

"A woman must have money and a room of her own if she is to write fiction," Virginia Woolf wrote in a famous 1929 essay. British businessman Arron Banks apparently disagrees, and he incurred the wrath of fans of "Harry Potter" creator J.K. Rowling after mocking the author on Twitter for having... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-12-04 00:00:00 UTC ]
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In Québec, a Literary Prize Is Suspended Over Objections to Amazon Sponsorship

Raising concerns about damage to a 'fragile ecosystem,' authors shortlisted for Québec's Prix littéraire des collégiens objected to the announcement that Amazon had become the prize's main sponsor. The post In Québec, a Literary Prize Is Suspended Over Objections to Amazon Sponsorship appeared... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-11-21 00:00:00 UTC ]
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Amazon is now taking a 30 percent cut of ad sales from Fire TV

Amazon is taking a bigger piece of ad sales on Fire TV, its connected TV devices, by requiring TV networks and digital publishers to hand over 30 percent of their commercial space for it to sell, according to new terms from the e-commerce giant.Until last month, Amazon let the publishers sell... Continue reading at Advertising Age

[ Advertising Age | 2018-11-20 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #ad revenue #e-commerce giant #commercial space #digital publishers #bigger piece #ad sales #ad inventory


ShortList magazine to close amid declining revenues

About 20 staff are expected to lose their jobs at men’s title, which launched in 2007ShortList magazine is shutting down after more than a decade, as publishers struggle to make free print publications profitable amid declining advertising revenue and the increased cost of paper.The magazine... Continue reading at The Guardian

[ The Guardian | 2018-11-16 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #print advertising #fallen victim #magazine market #publishers struggle #shortlist magazine


Amazon Picks NYC, Arlington, Va., as New HQ Sites

Amazon said it will begin hiring for its new headquarters in New York City and Arlington, Va., in 2019. The company is also opening a operations center in Nashville. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-13 00:00:00 UTC ]
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After Protest, Booksellers Are Victorious Against Amazon Subsidiary

Browsing through books at the New York Antiquarian Book Fair in 2013. Antiquarian booksellers this week protested a decision by the Amazon subsidiary AbeBooks to cut off stores in five countries. Continue reading at The New York Times

[ The New York Times | 2018-11-08 00:00:00 UTC ]
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Digiday Research: GDPR has reduced programmatic revenues for a third of European publishers

GDPR hasn't derailed programmatic advertising, but 32 percent of publishing executives said it has negatively impacted their programmatic revenues. The post Digiday Research: GDPR has reduced programmatic revenues for a third of European publishers appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2018-11-07 00:00:00 UTC ]
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Amazon May Split Second Headquarters

Speculation swirled yesterday that Amazon intends to select two sites for its second headquarters, splitting the new HQ2 between Crystal City, Virginia, and the Long Island City section of Queens, New York. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-06 00:00:00 UTC ]
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US trade sales increase despite a fall in publishing revenues

Publishing revenues declined 1.4% in the US in the first three quarters of the year, despite a rise in trade revenues of 4.4%, according to the Association of American Publishers. Continue reading at The Bookseller

[ The Bookseller | 2018-10-31 00:00:00 UTC ]
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Chancellor confirms cut to business rates, schedules 'Amazon tax' for 2020

The Chancellor Philip Hammond has confirmed a tax cut to business rates of one third for all retailers in England with a rateable value of £51,000 or less. The measure will last for the next two years, until the next re-evaluation of rateable values in 2021. Hammond told the House of Commons... Continue reading at The Bookseller

[ The Bookseller | 2018-10-30 00:00:00 UTC ]
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Amazon Profits Soar Again, Despite Disappointing Sales

Although sales rose 29% in the third quarter (ended September 30) over the comparable period a year ago, investors had expected more rapid growth. Still, profits jumped to $2.9 billion, up from earnings of $256 million a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-24 00:00:00 UTC ]
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Bloomsbury sees 22% leap in adult trade revenues in first-half

Revenues in Bloomsbury’s adult trade division soared by 22% in the first six months of the financial year. Continue reading at The Bookseller

[ The Bookseller | 2018-10-24 00:00:00 UTC ]
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Condé Nast Reorganizes Its Revenue Side—Again

Craig Kostelic and Monica Ray are tapped to oversee ad sales and consumer revenue, respectively, as the publisher organizes its brands under three chief business officers. The post Condé Nast Reorganizes Its Revenue Side—Again appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2018-10-23 00:00:00 UTC ]
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