China ended 2018 with 225,000 bookstores and a $55 billion valuation. Has China usurped the US as the world’s largest publishing market?

The latest report from China’s Books and Periodicals Distribution Association tells us China finished the year with 225,000 bookstores and outlets, up 4.3% on 2017, with total sales revenue of 370.4 billion yuan ($54.7 billion), up 5.9% on 2017. The Chinese government has played a big role in supporting publishing recently, as Xinhua reports: Private bookstores Read More …

Audiobook revenue doubled in Finland in 2018

While the end of year results are not yet known, audiobook revenues doubled in Finland up until September 2018, standing at 2.5 million euros ($2.8 million) and accounting for 3% of total book sales. Market leader Bookbeat, part of Sweden’s Bonnier, as reported here recently had 150,000 subscribers at end 2019, and Finland’s M&M says 70,000 Read More …

In 2018 750,000 digital book downloads a day went uncounted by Nielsen Bookscan and Data Guy’s BookStat, fuelling the nonsense that people are reading less

Regulars here at TNPS will not have been surprised that Rakuten OverDrive last year surpassed the quarter billion download mark, serving 274 million digital books to eager consumers through its global library distribution service. While the USA is by far the bigger client country of OverDrive we should remember that the company delivers digital books Read More …

Argentina’s 2nd FIL de la Costa is underway

The second edition of Feria del Libro de la Costa is taking place on Argentina’s Atlantic coast. PublishNewsES reports nearly fifty major publishers are alongside booksellers and authors and a range of independent presses which have, Revitalized the production of books in Argentina during the last 20 years (with their) commitment to new writers, with translations Read More …

475,000 attended Saudi Arabia’s Jeddah International Book Fair. The Arab Renaissance continues

When it comes to judging the potential of the so-called nascent book markets, attendance at book fairs and festivals is a good barometer. First we have to divest ourselves of the idea that national and international book fairs all take the form of the celebrated western book fairs like Frankfurt, London and New York, which Read More …

El Salvador gets its first digital library

Times change and you have to adapt to them, reports PublishNewsES, and in the tiny Central American republic of El Salvador the libraries have finally began to embrace the internet. The House of Culture of Metapán, PublishNewsES explains, was, one of the ten first Houses of Culture that were founded in the country in 1973 Read More …

Accra International Book Festival 2019 dates announced. And the hunt is on for the 27 best books by Ghanaian authors

Ghana’s inaugural Accra Book Festival last Year (not to be confused with the Ghana International Book Fair) was an unqualified success last year, and plans for the 2019 edition are underway. The 2nd Accra Book Festival will be formally launched on August 10 and the event itself will run for four days over October 24-27. Read More …

Sweden’s Storytel beats forecast for both subscribers and revenue. 55% of subscribers and 52% of streaming revenue now international

Storytel issued a press release today to say it had beaten its forecast for both subscribers and revenue in Q4, with an average 768,700 paying subscribers across its fifteen markets, up almost 48,000 on Q3. Streaming revenue just beat the forecast, coming in at SEK 291.3 million ($32 million) for Q4, of which SEK 140 Read More …

Print Sales Top 700 Million Units for first time since 2010

NPD Bookscan has reported 2018 print sales at 707.4 million, the highest since 2010. Michelle Obama’s Becoming played a big role in that, and of course in previous years it’s been JK Rowling. Nice to know, in this era of diversity in publishing, that women authors are keeping the industry afloat. Over at Publishers Lunch Read More …

Start The Day Global – 5 Not to be Missed Publishing Stories from Around the World

A writers workshop in Abu Dhabi that went from 12 to 2,500 members. A pay-to-get-in bookstore in Japan. A book exchange at a train station in Pakistan. How children’s books went from japan to Mosul in Iraq. And how the lyrics of the Moroccan national anthem came to be written. We start today with a Read More …

With no new Harry Potter books, Pottermore sales and revenue declines as Harry Potter remains inaccessible to much of the globe

It’s been a while since the release of The Cursed Child, the Fantastic Beasts and Where to Find Them and the Hogwarts Library digital audiobook, and revenues have been hit, as The Bookseller reports. In the period, revenues were £32.8m, down from the previous year’s £40.3m. Pretax profit was £3.4m, compared with £3.5m. Nevertheless, the result showed that Pottermore Read More …

Sophie Rochester’s The Literary Platform shutters after ten years. Moves on to life-style courses

Subscribers to book tech consultancy website The Literary Platform will have been surprised to receive an email today stating the site is being archived. Sophie Rochester explained, I’m starting off the New Year with a Kondo-esque digital spring clean and this means shutting down The Literary Platform after nearly 10 years! I’ll be concentrating all Read More …

Start The Day Global – 5 Not to be Missed Publishing Stories from Around the World

Unusually we Start the Day Global today in Michigan, USA, where this delightful story caught my eye over at Publishers Weekly. Girls of the Crescent: Teen Sisters Promote Stories of Muslim Girls When sisters Mena and Zena Nasiri, both avid teen readers, noticed a dearth of YA books featuring Muslim females like themselves, they took Read More …

Sweden’s Bookbeat grew 163% to 150,000 in 2018. Targets 250,000 subscribers by end 2019

Swedish streaming service Bookbeat may have put the UK on hold, but it’s still battling for market share in Finland, Germany and homeland Sweden, with Finland performing well. In an interview with Sweden’s Boktugg, Bookbeat CEO Niclas Sandin intimated he expected more growth from Germany in 2019 and that together Germany and Finland might exceed Read More …

Books and comics drive the biggest global box office revenue in history

The numbers are in and the numbers are: $42 billion globally, with North America contributing an impressive $11.9 billion of that. As reported here at TNPS last month, US takings were on target to beat the 2016 record of $11.4 billion, and final results show a 4% jump on 2016, and 6.7% growth on the Read More …

Pakistan to launch Adab Festival to the diversity and beauty of Pakistani languages. Anticipates 200,000 for debut event

Pakistan’s Government House will become an open house for three days starting February 1 as the country’s first Adab Festival launches. Co-founder and co-director Ameena Saiyid wants to provide, artists, writers and poets with a platform to exchange ideas and engage in healthy debates (adding) It’s also important to introduce new writers and poets to Read More …

India’s “perfect”, “phenomenal”, “best ever”, “significant”, “watershed” year in publishing

Regulars here at TNPS perhaps won’t be so surprised by the headline. I’ve long said India is publishing’s brightest prospect. And 2018 seems to have been the tipping point at which India shifted from being just another nascent market to a publishing priority. First some headline grabbing quotes from Indian publishers courtesy of The New Read More …

Iran debuts, but Pakistan won’t be at the 43rd Kolkata IBF. Can 2018’s 2.2 million visitors and $3.17 million in book sales be beaten?

Between 6-8 million people are expected to attend book fairs and festivals in India this January-February as the Indian book fair season steps up a gear. Today TNPS takes a look at how the new year is shaping up for India’s booklovers amid rising tensions between India and Pakistan and Sharjah’s presence at New Delhi.. Read More …

A mortgaged golden dagger becomes a hub of the global books industry. The UAE’s Sharjah Publishing City marks its first year

Sharjah Publishing City marked its first anniversary this week with a press release saying 17 countries are already using the city as a gateway to the publishing world. So far, along with the UAE itself, businesses from Lebanon, Syria, Sudan, Jordan, Egypt, Saudi Arabia, Iraq, France, Britain, India, China, Brazil, Spain, Australia, Ghana and Nigeria Read More …

Big Bad Wolf – TNPS Story of the Year 2018

Given The New Publishing Standard only launched in September 2017, 2018 is is our first full calendar year, and our first opportunity to look back on the year and select the outstanding publishing stories, publishing people and publishing industry journals of 2018. Needless to say, being TNPS we were looking at the stories, people and Read More …