Here in the US the DOJ may have completed its investigation into the price-fixing activities of Apple and 5 major trade publishers and gone after the parties involved, but Canada is a different matter. My contact with the Canadian Competition Bureau informed me today that its investigation into whether publishers and retailers may have conspired to raise ebook prices in Canada is ongoing and has not yet been resolved. Rather, the investigation has expanded to include Kobo, Penguin, and Apple. This investigation started several years ago and was expected to end early last year when four publishers (Hachette, HarperCollins, Macmillan, and Simon & Schuster) agreed to settle with the CCB.
From January 2019 through April 2019, overall participating publisher revenue was $3.36 billion, an increase of $144.4 million (+4.5%) compared to the same period in 2018, according to the Association of American Publishers (AAP) StatShot Monthly report. For April 2019, publisher revenue was $793.5 million, a decrease of $13.1 million (-1.6%) compared to the same period in 2018 for all tracked categories (Trade, PreK-12 Instructional Materials, Higher Education Course Materials, Professional Publishing and University Presses.)
In April 2019, publisher net revenue for trade (consumer) books, including sales to bookstores, wholesalers, direct to consumer, online retailers, etc., was $585.1 million, which is relatively flat compared to April 2018 ($587.8 million). Religious Presses lead in revenue growth with 9.5% growth, followed by children’s & young adult books at 6.7%. Revenue for adult books declined 4.4% this month.
Adult hardback books, in particular, had a difficult month showing -16% revenue decline and setting the curve to a -5.5% revenue decline for all trade hardback sales, despite double digit revenue growth for hardback books for children and young adults (+13.9%) and religious presses (+10.7%). For adult books, mass market was the best performing print format with increased revenue of 3.7% to net $20.4 million in revenue.
Downloaded audio books continues to be the format with the highest growth closing April 2019 with 28.7% increased total revenue from the prior year to $49.1 million. While eBooks declined 2.5% overall for April, eBook revenue for religious presses increased 1.8% compared to prior year.
For April 2019, total revenues for participating education and scholarly publishers were $204.8 million, a decrease of 5.1% compared to April 2018. Both PreK-12 Instructional Materials (+19.5%) and University Presses (+1.3%) saw increases compared to the prior year.
Publisher net revenue, including sales to bookstores, wholesalers, direct to consumer, online retailers, etc., is tracked monthly by the Association of American Publishers (AAP) and includes revenue from about 1,360 publishers, with participation subject to change over time.
The StatShot Annual, Higher Education Annual, and PreK-12 Annual reports for calendar year 2018 are available for purchase. For additional information about these reports, email Syreeta Swann at firstname.lastname@example.org.
more detail at: https://newsroom.publishers.org/aap-statshot-publisher-revenue-up-45-year-to-date/