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Hachette

Hachette Responds to Amazon’s Comments

Hachette-Book-Group-LARGE11-300x89 (1)Hachette has responded to Amazon’s comments in a Kindle Forum, in which the retailer revealed the reasons for its dispute with the publisher.

Hachette is pleased that Amazon admitted their actions have affected the lives of authors. Here is more from Hachette’s statement on the issue:

Authors, with whom we at Hachette have been partners for nearly two centuries, engage in a complex and difficult mission to communicate with readers.  In addition to royalties, they are concerned with audience, career, culture, education, art, entertainment, and connection.  By preventing its customers from connecting with these authors’ books, Amazon indicates that it considers books to be like any other consumer good.  They are not.

We will spare no effort to resume normal business relations with Amazon—which has been a great partner for years—but under terms that value appropriately for the years ahead the author’s unique role in creating books, and the publisher’s role in editing, marketing, and distributing them, at the same time that it recognizes Amazon’s importance as a retailer and innovator.

Amazon Breaks Silence on Hachette Dispute

amazon304Amazon has finally come out and commented on its ongoing dispute with Hachette on a Kindle forum page.

In the post, the retailer admits that they are buying less print inventory of Hachette titles and are no longer taking preorders on Hachette books that are not out yet because of changes related to their contract and terms with the publisher. The retailer said that it would order Hachette titles based on consumer orders rather than warehousing these titles. Here is more from the post: Read more

J.K. Rowling’s New Book is Unavailable on Amazon

thesilkwormIf you want to preorder a copy of Robert Galbraith aka J.K. Rowling‘s new novel The Silkworm (Cormoran Strike Series #2), you can’t do so on Amazon. The book, which comes out on June 19th, is currently listed as unavailable on Amazon. Barnes & Noble, among other book retailers, has the book available for presale.

Earlier this month, Amazon was slow to ship Hachette titles. Now things are escalating.

“We are doing everything in our power to find a solution to this difficult situation, one that best serves our authors and their work, and that preserves our ability to survive and thrive as a strong and author-centric publishing company,” explained Hachette in a statement.

Hachette Livre Sales Down 5.3% in Q1

hachetteHachette Livre reported approximately $539M in revenues during Q1 2014, down 5.3 percent from the first quarter in 2013. The publishing company attributed the drop to excessive sales from the Fifty Shades trilogy in France during the first quarter of 2013, and revealed that sales were in Q1 2014 were stable with Q1 2012.

Despite coming in slightly under budget, Hachette Book Group reported that it “had a solid first quarter, with revenues slightly below budget but gross profit ahead of budget.” During the quarter the publisher had 70 titles on The New York Times bestseller list in print and 28 titles on The New York Times eBook list.

Ebook sales during Q1 2014 represented 13.4 percent of sales for Hachette Livre, up from 12.4 percent in Q1 2013. In the US, eBooks represent 34 percent of Hachette’s net trade sales, the same as last year. In the UK, eBook sales made up 40 percent of net Adult trade sales for the publisher, up from 31 percent in Q1 2013.

Hachette Claims Amazon Is Delaying Shipments on Orders

amazon304Hachette has claimed that Amazon is slowing delivery on some of its bestselling titles as part of a negotiation tactic, as the two work out the latest terms of their partnership.

Everybody’s Got Something by Robin Roberts; American Again: Re-becoming the Greatness We Never Weren’t by Stephen Colbert; The Closer by Mariano Rivera and Wayne Coffey are among bestselling print titles that estimate 2-5 week ship dates on Amazon. The same titles ship from Barnes and Noble within 24 hours.

The New York Times broke the story last week. Here is more from the story:

“We have been asked legitimate questions about why many of our books are at present marked out of stock with relatively long estimated shipping times on the Amazon website, in contrast to immediate availability on other websites and in stores,” said Sophie Cottrell, a Hachette spokeswoman. “We are satisfying all Amazon’s orders promptly.”

But, she added, “Amazon is holding minimal stock” and restocking some of Hachette’s books “slowly, causing ‘available 2-4 weeks’ messages.”

Hachette Book Group’s Digital Sales Up 33% in 2013

hachetteDigital sales were up 33 percent at Hachette Book Group in 2013. Digital sales now represent 30 percent of the company’s overall business.

Overall, the company saw a 6 percent increase in revenues in 2013, coming off of a difficult year in 2012. In 2013, the company broke its own bestsellers record with 206 print and 84 eBook titles on the New York Times bestseller list, including 52 No. 1 bestsellers.

HBG’s releases for the year included:  The Cuckoo’s Calling by Robert Galbraith, aka J.K. Rowling; The Longest Ride by Nicholas Sparks; Alex Cross, Run by James Patterson and David Ellis;David and Goliath by Malcolm Gladwell; The Hit by David Baldacci; and The Goldfinch by Donna Tartt.

The publisher also announced that Mauro DiPreta will join the company, serving as Vice President and Publisher of Hachette Books, a new publishing division that launches this year. The new imprint will be built on Hyperion’s backlist which HBG acquired in 2013. The division will also publish new titles.

Hachette Book Group Revenues Up 6% in 2013

hachetteHachette Book Group (HBG) reported today that its full year net revenues were up 6 percent in 2013. The company attributed the sales increase to high performing titles. During the year, the publisher broke its bestsellers record, as 206 print and 84 eBook titles made the New York Times bestseller list, including 52 No.1 bestsellers.

HBG’s releases for the year included:  The Cuckoo’s Calling by Robert Galbraith, aka J.K. Rowling; The Longest Ride by Nicholas Sparks; Alex Cross, Run by James Patterson and David Ellis; David and Goliath by Malcolm Gladwell; The Hit by David Baldacci; and The Goldfinch by Donna Tartt.

HBG reported that digital sales in the U.S., which includes eBook and audiobook sales, grew 33 percent in 2013. This category continues to grow, as it represented 33 percent of net sales in 2013, up from 26 percent in 2012.

Joe Mangan Named EVP/Chief Operating Officer of Hachette

joemanganJoe Mangan will join the Hachette Book Group (HBG) as Executive Vice President and Chief Operating Officer on February 3.

Mangan comes to HBG from Perseus Books where he has spent the last decade at Chief Operating Officer.

“…he has built a remarkable record of success, focused on growth, IT opportunities, digital transformation, distribution, and efficiency,” stated  Michael Pietsch, CEO of HBG. “Joe’s reputation is one of the best in our industry, and his skills, trade publishing experience, and leadership style are a perfect match for HBG. With his deep expertise in IT and vision for our digital future, his wealth of experience building distribution businesses, and his insight into strategic business development, Joe will be a tremendous asset for us.” Read more

Hachette Book Group U.S. Sales Up 11% in Q3

hachetteLagardère Publishing’s net sales reached about $563 million in the third quarter, up 6.6 percent from last year. The Hachette Book Group’s US sales specifically were up 11 percent year-over-year.
The publisher had 191 print and 73 eBooks on the New York Times bestseller list so far this year, with 45 No. 1 bestsellers to date, up 45 percent over the same period last year. According to the company, sales have been driven by major third quarter releases including: The Cuckoo’s Calling by Robert Galbraith (aka  J.K. Rowling; The Longest Ride by Nicholas Sparks; Mistress by James Patterson and David Ellis; David and Goliath by Malcolm Gladwell; as well as Break Out! by Joel Osteen.
eBook sales were up during the quarter as well. Here is more from the press release:

In the US, ebooks represented 27% of HBG’s adult trade sales, up from 20% in the third quarter of 2012. At Hachette UK, digital sales rose to 30% of the company’s adult trade sales from 20% in the third quarter of 2012. For Lagardère Publishing, digital represented 9.4% of total net sales, compared to 6.4% in the third quarter of 2012.

Kami Garcia & Margaret Stohl to Launch New Series Set in the ‘Beautiful Creatures’ Universe

Authors Kami Garcia and Margaret Stohl will reunite as collaborators on a new young adult series.

The new Dangerous Creatures series stars Link and Ridley, two characters who were originally introduced in the Beautiful Creatures series.

Little, Brown Books for Young Readers will launch the series on December 17, 2013 with the publication of a digital novella titled Dangerous Dream. The project will bridge the two series.

Read more

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