Authors Guild Statement Supports DOJ Antitrust Move
“The Authors Guild is thrilled the DOJ has taken on the case on behalf of authors,” notes PW’s Andrew Albanese. “But I think it is fair to say that Amazon remains in focus for many.”
“The Authors Guild is thrilled the DOJ has taken on the case on behalf of authors,” notes PW’s Andrew Albanese. “But I think it is fair to say that Amazon remains in focus for many.”
“This acquisition would enable Penguin Random House, which is already the largest book publisher in the world, to exert outsized influence over which books are published in the United States and how much authors are paid for their work,” asserts the US Justice Dept.
Given continued reports of global supply chain problems, consumers are likely to start holiday shopping early.
Investor interest in publishers is rising because publishers have a commodity that many businesses covet. “They have the content. They have the storytellers,” Robin Warner told Frankfurt Book Fair.
For Frankfurt Book Fair in 2021, programming stretches over two weeks and will be presented in two ways: online and at the Messe fairgrounds.
Supply chain issues facing the book business this holiday season and beyond were years in the making.
55 publishing groups with combined reported revenue for 2020 of nearly $68 billion are included in this year’s ranking. Total 2020 revenue is down about 6% from 2019, though a significant portion of that decline is owing to currency fluctuations.
“The alleged conspiracy—in which the five largest American trade publishers are alleged to have banded together to give Amazon monopoly pricing power over e-books—fundamentally makes no sense.”
CCC and PW are marking today the Tenth Anniversary of our weekly conversation together.
After 20 years, Publishers Weekly writers and editors are recalling 9/11. “The PW staff did a remarkable job capturing early reactions to the historic event,” says editorial director Jim Milliot.