London-based Informa plc will officially resume its in-person events business with a three-day beauty expo in China during the second week of July, but says its overall revenues will likely decline by about a third this year as the timeline for the return of large gatherings in North America, its biggest market, remains unclear. In a trading update issued Friday, the global B2B media and exhibitions firm said it expects to generate about £2 billion ($2.5 billion) in overall revenue in 2020, which would represent a 30.8% decline from the £2.89 billion it reported in its 2019 financial results. Following a series of acquisitions and divestments over the past two years, in particular its $5.2 billion merger with exhibitions giant UBM in 2018, Informa says it now generates about 65% of its revenues through its events business. More than 160 of its events originally scheduled for 2020 have been either cancelled or postponed until 2021 as a result of the pandemic, the company said, together representing more than $375 million in revenue. Hundreds of others have been converted to virtual events. "Activity in China has picked up pace through the past month, with authorities recognizing the controlled nature of trade shows and with exhibitors confident and keen to participate to help rekindle trading activity," the company said in the trading update. "In Informa’s largest market, the United States, the Group is now assuming a low probability that any physical events will run... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-06-12 17:17:56 UTC ]
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The company behind the London Book Fair, the “retired” BookExpo, and other publishing-adjacent events saw revenue plunge by 71% in 2020 compared to 2019. Reed said that, due to the pandemic, it is managing its 2021 event schedule “flexibly.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-11 05:00:00 UTC ]
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MVB U.S.'s Pubeasy added 882 client bookstores in 2020, bringing its total client list to nearly 4,000. A modernized platform will debut in March. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-09 05:00:00 UTC ]
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The digital distributor reports a rise in audiobook titles of 123 percent in 2020 over the previous year. Print-on-demand advanced 18 percent. The post Germany-Based Bookwire in 2020: Titles Up 11 Percent Over 2019 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-02-08 05:46:46 UTC ]
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The BBC boost enjoyed by Sally Rooney’s Normal People helped Faber to post strong sales of both the young author’s titles, while Matt Haig’s books claimed three of the top six chart positions for Canongate. Continue reading at The Bookseller
[ The Bookseller | 2021-02-04 22:44:47 UTC ]
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Jeff Bezos, founder and CEO of Amazon, will hand over the CEO duties to Andy Jassy, head of Amazon Web Services, this summer. The company reported that sales in the year jumped 38% over 2019, to $386.1 million, and earnings skyrocketed 84%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-02 05:00:00 UTC ]
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Hamish Hamilton has promoted Hermione Thompson and Hannah Chukwu, with publishing director Simon Prosser hailing the best sales in at least a decade for the imprint in 2020. Continue reading at The Bookseller
[ The Bookseller | 2021-02-01 06:56:51 UTC ]
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Overall in 2020, the AIE and ALI with Nielsen have reported, Italians purchased 104.5 million book in 2020. The post AIE: Italy’s Trade Book Publishing Sales Grow 2.4 Percent in 2020 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-01-29 21:50:15 UTC ]
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Just 10 years on from the children's indie's inception, the list has stonking TCM sales and a flurry of awards to its name. Its three co-founders reveal the key to its success. Continue reading at The Bookseller
[ The Bookseller | 2021-01-28 19:35:06 UTC ]
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Roffey's book, based on a Taino legend, is set in 1976 on the Caribbean island of Black Conch. Tessa Sheridan has won the Short Story Award. The post Monique Roffey Wins the UK’s Costa 2020 Book of the Year Award appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-01-26 21:18:00 UTC ]
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Yesterday, writer and book critic Michael Schaub announced all the finalists for the 2020 National Book Critics Circle Award, which honors the “finest books” published in English during the last year. The thirty finalists were selected across six categories—Autobiography, Biography, Criticism,... Continue reading at Literrary Hub
[ Literrary Hub | 2021-01-25 16:52:22 UTC ]
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Nielsen BookScan has estimated the full-year print market for 2020 at 202 million books sold for £1.76bn, a 5.2% rise in volume and a 5.5% increase in value compared to 2019. Continue reading at The Bookseller
[ The Bookseller | 2021-01-22 10:32:48 UTC ]
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In the final month of 2020, we retired two books to our Hall of Fame: one from a debut author and the other from a two-time veteran. The post The Millions Top Ten: December 2020 appeared first on The Millions. Continue reading at The Millions
[ The Millions | 2021-01-20 11:00:11 UTC ]
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Pearson has reported group sales fell 10% in 2020 in its January trading update, reflecting the continuing impact of Covid. Continue reading at The Bookseller
[ The Bookseller | 2021-01-19 21:27:03 UTC ]
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In a rare occurrence, independent publishers gained ground with adult hardcover and paperback bestsellers last year, disrupting the Big Five's iron grip on the lists. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-15 05:00:00 UTC ]
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Economic uncertainty limited merger and acquisition activity in the book business last year, but there were still a number of significant transactions, including Penguin Random House's planned purchase of Simon & Schuster Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-15 05:00:00 UTC ]
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Debut novelists performed solidly last year, despite widespread fears that they would lose out to more established authors due to 2020's pandemic-hit publishing schedules. Continue reading at The Bookseller
[ The Bookseller | 2021-01-14 13:16:53 UTC ]
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U.S. viewers spent nearly 30.5 billion minutes streaming Netflix's original drama Ozark in 2020, making it the most-watched original series on a streaming service last year. But library titles like The Office and Grey's Anatomy still deliver the biggest streaming audiences by far, according to... Continue reading at AdWeek
[ AdWeek | 2021-01-12 20:15:00 UTC ]
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Charlie Mackesy's The Boy, The Mole, The Fox and The Horse (Ebury) was the bestselling book of 2020 through Nielsen BookScan's UK Total Consumer Market. Continue reading at The Bookseller
[ The Bookseller | 2021-01-12 01:12:31 UTC ]
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You guessed it: A Promised Land, the first volume of Barack Obama’s presidential memoirs, was always going to lay waste to the competition. We called it back in September, and it has now been confirmed. Yes, as reported by Publishers Weekly earlier today, A Promised Land was the top print title... Continue reading at Literrary Hub
[ Literrary Hub | 2021-01-11 17:37:14 UTC ]
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French publishers’ print book sales probably dropped by only 2% in 2020 when compared to the year before, according to preliminary figures provided by Vincent Montagne, president of the French Publishers Association (Syndicat National de l’Edition, SNE). Continue reading at The Bookseller
[ The Bookseller | 2021-01-11 12:59:19 UTC ]
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