Posted by: Kathy Temean | November 5, 2012

Industry Update & Interview

Here is a good interview with children’s editorial & publishing consultant, Emma D Dryden of @drydenbks. She shares her thoughts about illustration and the current marketplace on The Illustrator’s Market blog:  The Illustrator’s Market: Emma Dryden

Due to the effects of Hurricane Sandy, The Random House Publishing Group’s Open House, originally scheduled for this Friday, November 2, will now take place on Friday, December 14. You can see my original post to read about the event. It might work into your schedule now. Guests who purchased a ticket for the original date and cannot attend on December 14 can receive a refund by emailing pr@randomhouse.com.

The AAP reported sales for July from the nearly 1,200 publishers they track. Overall net trade sales of $522.5 million were up 12 percent, with all of the gains and then some coming from trade paperbacks and adult–very adult–ebooks, still led by the remarkable 50 Shades trilogy. July’s trade total was $16.4 million lower than in June. Children’s sales, boosted earlier in the year by release of the first Hunger Games movies, registered $98.1 million–down 9.5 percent compared to $108.4 million a year ago.

eBook sales were almost the same as in June, at $137.8 million, up 62 percent versus a year ago. Similar to the year’s pattern, they comprised a little over 26 percent of all trade sales recorded.

Harlequin’s parent company Torstar reported third quarter results Wednesday. The book publishing unit had sales of $107.8 million (CA), down by $7.9 million, or 7 percent (including $1.9 million in foreign exchange impact.) EBITDA was down $5 million in the quarter at $19.8 million, which Torstar attributed to “revenue declines in most markets and increased costs in the North American digital business.” Harlequin also incurred a $500,000 restructuring charge so far in 2012 and has laid off 8 people.

Talk tomorrow,

Kathy


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