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Archives: March 2014

Audiobook Revenues Reach $1.6 Billion

IBISWorldAudiobook sales are on the rise. From 2008-2013, revenue for the audiobooks is estimated to have grown at an annualized rate of 12 percent to $1.6 billion, according to a new report from IBISWorld.

The increasing popularity of Internet-connected mobile devices among consumers is help drive these sales. From 2013 to 2018, IBISWorld predicts that these numbers will continue to grow. Led by rising disposable income and consumers who are new to adopt audiobooks, revenues should grow “significantly over the next five years,” reports IBISWorld.

“Because audiobooks are relatively cheap discretionary purchases that consumers can afford on tight budgets, the industry has been able to grow during the recession, despite consumers’ low disposable income,” stated Agata Kaczanowska, industry analyst at IBISWorld.

IBISWorld predicts the number of audiobook publishers will rise at an annualized rate of 17 percent to 628 businesses during the five years to 2013.

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Never Stop Trying: INFOGRAPHIC

graphicJust because your manuscript was rejected from a major publishing house, doesn’t mean that you should give up. Perhaps you need to find a different publisher, a different agent, or you need to go back to the editing room.

Ninja Infographic has created an inspiring infographic called, “Never Stop Trying,” to help remind you that failures don’t lead to an ultimate demise.

The graphic, which we have embedded after the jump, traces the path of Abraham Lincoln to his presidency, which included a number of setbacks along the way. Yet he still managed to become one of the most memorable leaders in American history. Read more

Amazon’s Literary Journal Day One is Seeking Submissions

dayoneAmazon’s literary journal Day One is seeking submissions.

According to Carmen Johnson, Day One’s Editor, the lit magazine is looking for “fresh and compelling short fiction and poetry by emerging writers.” This includes stories that are less than 20,000 words by authors that have never been published, and poems by poets who have never published before.

To submit works, writers/poets can email their work as a word document, along with a brief description and author bio to dayone-submissions@amazon.com.

The publication launched in October 2013, with the mission to support the work of emerging writers, poets, and illustrators. Each week, the magazine spotlights one story, one poem and one original cover drawing.

 

Michael Lewis Claims the Stock Market is Rigged in New Book

Moneyball author Michael Lewis has a new book coming out about Wall Street called Flash Boys, in which he claims that the stock market is rigged.

In the book from W. W. Norton & Company, Lewis illustrates how high-frequency trading in the financial markets have caused the problem. Lewis was on 60 Minutes last night to discuss the issue. We’ve embedded the CBS interview above so that you can check it out.

Warner Bros. to Create Three Movies For the ‘Fantastic Beasts and Where to Find Them’ Film Franchise

rowlingWarner Bros. will create a total of three moves for the Fantastic Beasts and Where to Find Them film franchise.

According to The New York Times, “the main character will be a ‘magizoologist’ named Newt Scamander. The stories, neither prequels or sequels, will start in New York about seven decades before the arrival of Mr. Potter and his pals.”

Earlier this year, author J.K. Rowling sat for a Wonderland magazine interview with actress Emma Watson, best known for playing Hermione Granger in the Harry Potter movies. Rowling revealed that when she first started thinking about Newt’s back story, she didn’t intend on writing the script. She ended up finishing her first rough draft in just twelve days. (via IGN)

Judge Allows Class Action eBook Suit Against Apple

apple-logo-248x300A group of consumers have been given permission to bring an antitrust class action suit against Apple for allegedly conspiring with publishers to fix eBook prices has been granted permission to sue Apple.

Reuters has the story: “U.S. District Judge Denise Cote said the plaintiffs had ‘more than met their burden’ to allow them to sue as a group. She rejected Apple’s contentions that the claims were too different from each other, or that some plaintiffs were not harmed because some e-book prices fell. ‘This is a paradigmatic antitrust class action,’ wrote Cote, who has scheduled a trial later this year to determine damages, which could reach hundreds of millions of dollars.”

In June, U.S. district judge Denise Cote found Apple guilty of colluding with publishers to fix the prices of eBooks in a case brought by the U.S. Justice Department. According to reports, Apple could pay up to $840 million in antitrust claims as a punishment for being found guilty. Apple has already begun dispensing refunds to consumers in select states.

 

Amazon to Adapt Michael Connelly’s ‘Harry Bosch’ Books Into a Web Series

burningMichael Connelly’s Harry Bosch book series will be adapted into an Amazon Original web series called Bosch.

Thus far, Connelly has published sixteen books in this mystery series with the latest installment, The Burning Room, due out in November 2014. He will work with Law & Order writer Eric Overmyer to pen the scripts.

According to the press release, the cast includes Titus Welliver, Annie Wersching and Jamie Hector. Welliver will star as Detective Hieronymus “Harry” Bosch.

Bette Midler, Dan Santat, & Kendra L. Willis Get Booked

beekleHere are some literary events to pencil in your calendar this week.

To get your event posted on our calendar, visit our Facebook Your Literary Event page. Please post your event at least one week prior to its date.

The Adventures of Beekle: The Unimaginary Friend creator Dan Santat will appear for a story time at Books of Wonder. Meet him on Tuesday, April 1st from 3:30 p.m. to 4:30 p.m. (New York, NY)

Read more

Social Reading Platform Readmill to Close

readmillDropbox  has acquired the social reading platform Readmill and is shutting down the site.

“Readmill’s story ends here,” writes Henrik Berggren, co-founder & CEO of Readmill on the company blog. “Many challenges in the world of ebooks remain unsolved, and we failed to create a sustainable platform for reading. For this, we’re deeply sorry. We considered every option before making the difficult decision to end the product that brought us together.”

Readers can no longer create a new account, and current users will have until July 1st to transition their account to another service. The Readmill team is will join Dropbox. “Millions of people use Dropbox to store and share their digital lives, and we believe it’s a strong foundation on which to build the future of reading,” continued Berggren in the post. “We’re delighted to work alongside this talented team and imagine new ways to read together.”

Toasty TV Creates ‘Games of Thrones’ & ‘House of Cards’ Mash-Up Video

What happens when you cross the Game of Thrones HBO series with the House of Cards Netflix series?

Toasty TV, a YouTube channel curated by Quiznos, has created a mash-up parody called “House of Thrones.” The hilarious video embedded above features the wicked politician Frank Underwood wrecking havoc all over the seven kingdoms of Westeros.

According to Mashable, “the video is remarkably subtle for an advertisement, using just a sly hint of product placement towards the end. Game of Thrones and House of Cards fans alike can otherwise sit back and enjoy tons of nerdy references, clever puns and a spot-on Kevin Spacey impression.” What do you think? (via Refinery29)

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