“As we head into the third quarter, which is historically the busiest quarter in HMH’s selling season, we are encouraged by our results for the first half of 2017,” said Jack Lynch, Chief Executive Officer of HMH. “We experienced strong net sales and billings growth within the extensions of our core Basal business, which are comprised of intervention, professional learning and supplemental products and services, and we took important steps to reduce our fixed cost base and improve our operating efficiency.” Joe Abbott, Chief Financial Officer of HMH added, “We remain on track to deliver against the targets we set at the start of the year and continue to progress our next generation program and platform development in advance of the large new adoption opportunities we anticipate in 2018 and 2019.”
Combined graphic novel and comics sales in North America grew 5% to $1.085 billion in 2016, a $55 million increase over the $1.03 billion reported last year, according to a joint estimate by industry news sites Comichron and ICv2.com.
Led by the continuing sales growth of book-format graphic novels (which rose to $590 million, from $350 million in 2015), the $1.085 billion figure represents the combined sales of book-format graphic novels, traditional comics periodicals ($405 million), and digital download-to-own comics ($90 million).
Physical sales of graphic novels sold through the book trade rose 16%, to $405 million. While total sales of both comics and books through the comics shop channel were about $570 million, the increase was driven by periodical sales. Sales of graphic novels in the comics shop market were flat in 2016, according to the joint report.
Milton Griepp, CEO of pop culture new site ICv2.com, cited the ongoing growth of graphic novels as key to the increase: “This represents growth in the broadest part of the market, where increased variety of content is being found by new audiences for comics, including kids and women.”