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Posts Tagged ‘Raincoast Books’

Even More HP7 Stats

  • Barnes & Noble sold 1.8 million copies of HARRY POTTER AND THE DEATHLY HALLOWS on Saturday and Sunday in its stores and online, 38% more than it sold of Harry Potter and the Half-Blood Prince during its first two days on sale.
  • Nielsen Bookscan has tabulated first-day UK sales for Harry Potter of 2,652,656 copies
  • Bloomsbury announced that 398,271 copies of the UK edition sold in Germany in the first 24 hours.
  • Random House Audio reports projected opening two-day sales of over 225,000 units in its compact disc and cassette editions–up 40 percent from the previous title.
  • In Canada, Raincoast Books announced sales in the first two days of 812,000 copies.
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    Canadian Publisher to Destroy Plagiarized Book

    The Globe and Mail reports on Raincoast Books‘ decision with regards to Paul William Roberts‘ once-well-regarded book THE WAR AGAINST TRUTH, which turned out to have plagiarized an Atlanta Journal-Constitution article from 2002. The publisher’s action is to “dispose” of all warehoused copies (about 2,000) of the book, though they did not specify whether the disposal would involve pulping, recycling or incinerating the books in question.

    In February, it appeared the major redress would be the insertion of a typed correction into the warehouse stock, since The Atlanta Journal-Constitution had previously indicated it was “not looking for monetary compensation.” But earlier this month Raincoast decided that freezing the stock, then disposing of it “would be the most straightforward way” of handling the issue, Raincoast’s vice-president of marketing, Jamie Broadhurst, said yesterday.

    Thomas Clyde, lead lawyer for the Journal-Constitution on the case, said Raincoast’s disposal decision “is certainly okay by us. It’s not something we requested or required.” Indeed, destroying a book “is not something we would demand as a newspaper,” given its commitment to freedom of expression, but it is “a perfectly adequate resolution in our view.”

    Mark Your Calendars for Harry Potter 7: July 21

    HARRY POTTER AND THE DEATHLY HALLOWS by J.K.Rowling, the final installment in the Harry Potter series, will be published around the world in the English language on Saturday, July 21st 2007, Bloomsbury has announced. Scholastic will publish on the same date in the US, as will Raincoast Books in Canada. Bloomsbury will be publishing their children’s hardback edition (ISBN 978 0 7475 9105 4), an adult hardback edition (ISBN 978 0 7475 9106 1), as well as a special gift edition and, jointly with HNP, the audio book, read by Stephen Fry and released simultaneously for the first time. The standard hardbacks have a Recommended Retail Price of £17.99. Sale of the book in all time zones is embargoed until 00:01 BST (British Summer Time) on Saturday 21st July 2007. (So much for our January ’08 predictions…)

    And of course, you know what this means for the publishing industry: LOTS OF BOOK SALES. No doubt everybody’s going to be doing some serious street-dancing today….

    New Children’s Books Editor at Raincoast

    Raincoast Books, one of Canada’s leading independent publishers, has announced the addition of editor Tonya Martin to its children’s book publishing program. As Children’s Books Editor, Martin – a 20-year publishing industry veteran who spent much of her career at Scholastic – is responsible for acquiring and editing young adult fiction, juvenile fiction and non-fiction, and children’s picture books. “Raincoast’s children’s program is already thriving,” comments Associate Publisher Jesse Finkelstein. “By hiring someone with Tonya’s talent and expertise, we’re taking a great list and making it even stronger.”

    Controversy for Canadian Publishers Marketing Plan

    The Globe and Mail’s James Adams reported yesterday on a new pilot project that has many independent bookstores steaming mad – because the emphasis of this $120,000 project, which highlights themed books and backlist by notable small publishers like MacArthur & Company, House of Anansi, McLelland & Stewart (Random House Canada owns them, so they aren’t exactly small) and Raincoast Books is focused exclusively on the chain bookstores Chapters & Indigo, while also pleading for additional funds from the Canadian government.

    One of the key figures in the consortium, McArthur and Co. founder and president Kim McArthur of Toronto, is unapologetic about the scheme, or at least its goal. Canadian-owned publishers have drastically declined in number in the past 10 years, she said last week, and those remaining lack the resources of foreign-owned firms such as Random House of Canada and Penguin Canada. Hence, the need for government support “for Canadian titles from Canadian-owned firms.” As for the emphasis on the Chapters/Indigo stores owned by Indigo Books & Music, “we can’t help it that Indigo is such a big part of our market.” Indeed, McArthur estimated the company, with its 230-plus stores nationwide, “accounts for 70 per cent of our business.” A pilot project “has to start somewhere, and why shouldn’t it be with a national retailer?”

    But Susan Dayus, executive director of the Canadian Booksellers Association, which represents about 1,000 bookstores, including the Indigo chain, wasn’t happy with the scheme. “We are adamantly opposed to the balance of that budget, the $80,000, going to one retailer, regardless of who that retailer is,” she said. “We understand it’s a pilot project, but it’s a pilot project for one bookseller.” Frans Donker, owner of the five-store Book City mini-chain in Toronto, agreed. “I don’t buy the ‘pilot project’ argument at all. . . . It’s just smoke and mirrors to try to keep the independent booksellers and their associations quiet.” Last week, he was threatening to sharply reduce the presence in his stores of any of the titles the consortium placed with Indigo, if the plan went ahead unchanged. “This one really irks me a lot.”

    AMS Bankruptcy: The Canadian Connection

    At Quill & Quire, Leigh Ann Williams probes what the AMS Chapter 11 filing means for Canadian publishing, as the company includes not just PGW but Publishers Group Canada (PGC), and also holds a 25 percent stake in Raincoast Books, PGC’s parent company. “It’s not how we’d like to start the year,” said PGC executive vice president Graham Fidler. “Raincoast, operationally and financially [is] completely independent of AMS, so it is absolutely business as usual. At this point, we are certainly shipping books through Raincoast, we continue to receive books from PGW, and we don’t foresee that changing any time soon.”

    But one concern within Canadian publishing is that the bankruptcy will prompt AMS to sell its share in Raincoast. “As with any bankruptcy, companies look at a range of alternatives to strengthen their financial base, and that’s what AMS will be doing, and a sale of assets will be one of them,” AMS spokesman Rich Tauberman said. “It’s still early days, I don’t think anything has been firmly decided on, but they have been working with an investment bank looking at a bunch of different opportunities.”

    Which is why Fidler spent the weekend talking with PGC’s biggest American clients, such as Grove, Avalon, and New World Library, as the effect on PGW clients may have a domino effect on PGC. But Fidler remains optimistic. “People I’ve spoken to …have shown great loyalty to PGW and would really like to see PGW come out of this.”