The horrible situation that airlines are in is having quite an impact for many suppliers. For example, American Airlines’ nut supplier has a huge surplus, and is selling them directly to consumers. Inflight magazines are in an equally rough situation. They’re typically run by third parties, and rely on advertisers to pay the bills. With the number of travelers way down, circulation of these magazines is also way down. Well, it looks like United Airlines and INK Publishing have a creative solution for this… Well, Hemispheres magazine is making a comeback in August, but it won’t be available on United Airlines flights. As reported by Ramsey Qubein, United Airlines will be making its inflight magazine an elite perk, known as “Hemi at Home.” US-based United Global Services, Premier 1K, and Premier Platinum members, will start receiving copies of Hemispheres magazine at their mailing address on file.
The Association of American Publishers (AAP) today released its StatShot report for June 2020 reflecting reported revenue for all tracked categories, including Trade (consumer publications), K-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses.
Total revenues across all categories for June 2020 were approximately $1.4 billion, a decline of 4.1% as compared to June 2019. Year-to-date sales were $5.7 billion, a decline of 4.2% as compared to the same period last year.
Trade sales were up 24.4% year-over-year, coming in at $700.3 million. Year-to-date (January-June 2020) Trade sales were $3.6 billion, an increase of 2.8%, as compared to the same period in 2019.
In terms of physical paper format revenues during the month of June, in the Trade (consumer publications) category, Hardback revenues jumped 35.2%, coming in at $227.6 million; Board Books were up 41.7%, with $12.1 million in revenue; and Paperbacks were up 22.9%, with $248.0 million in revenue. On a year-to-date basis, Hardback revenues were $1.2 billion, down 0.8%; Paperbacks were $1.2 billion, up 1.6%; and Mass Market was $108.9 million, a decline of 2.7% as compared to the first six months of 2019.
eBook and Downloaded Audio revenues continued to be strong in June, and on a year-to-date basis:
eBook revenues were up 39.0% for the month as compared to June 2019 for a total of $110.3 million. On a year-to-date basis, eBooks were up 12.7%, coming in at $544.5 million for the first six months of 2020. Notably, eBooks revenues in the Children’s and YA category saw a 132.5% jump during the month, coming in at $14.6 million. On a year-to-date basis eBooks revenues in the Children’s and YA category were up 62.4% for the first six months of the year, coming in at $61.6 million.
Downloaded Audio revenues saw a 6.2% increase as compared to June of last year, reaching $54.1 million in revenue. On a year-to-date basis, Downloaded Audio was up 14.1% as compared to the first half of 2019, with a total of $316.6 million for the year so far. The Downloaded Audio format has seen continuous growth every month since 2012.
Religious press revenues were up 50.0% year-over-year in June, coming in at $51.8 million, but roughly flat on a year-to-date basis with a decline of 0.6%, with revenues of $311.4 million for the first six months of the year.
Year-to-date Education revenues were down 15.9%, coming in at $1.9 billion.
Revenues from Higher Education Course Materials were down 9.7% for the month, as compared to June of 2019, coming in at $176.7 million. PreK-12 Instructional Materials revenues were down 29.7% for June 2020, with $419.8 million. Revenues from Higher Education Course Materials were up 4.8% to $951.3 million on a year-to-date basis. PreK-12 Instructional Materials revenues were $909.4 million on a year-to-date basis, a drop of 30.3% compared to the first six months of last year.
Professional Books, including business, medical, law, technical and scientific, declined 12.4% during the month, coming in at $63.1 million. The category was down 5.8% for the first half of the year, with $257.3 million in revenue.
University Presses were up 29.4% as compared to June of 2019, bringing in $4.9 million in revenue. On a year-to-date basis, University Presses declined 3.5%, bringing in $21.7 million for the first six months of 2020.
more at source: https://publishers.org/news/aap-june-2020-statshot-report-publishing-industry-declines-4-1-for-month-4-2-year-to-date/