Google updates Hangouts for Android. Some cereals are making a comeback and seeing reactions explode on Twitter. These stories, and more, in today’s Morning Social Media Newsfeed.
EBook sales accounted for 12.4% of revenue for Hachette Livre’s publishing division in the first quarter of 2013, up from 9.5% in Q1 2012.
U.S. and UK eBook sales are driving this growth. EBook sales in the U.S. represent 34% of the publisher’s trade book sales. This is up from when 30% last year. In the UK eBook sales account for 31% of Adult trade net sales, up from 24% during the same period last year.
Here is more from the press release:
Hachette Livre delivered net sales of €419M, up 7.9% over first quarter 2012, driven by ‘strong business growth’ in General Literature in France and the United States, according to Lagardère’s press release, and strong ebook sales in the U.S. and United Kingdom. In France, net sales were up significantly (General Literature up 40%) mainly due to the release of the last two installments of EL James’ Fifty Shades trilogy. In the UK and Commonwealth, sales were down slightly (-0.2%), with strong Literature sales in the UK offsetting a challenging bookseller retail environment in Australia and New Zealand.
On today’s social media edition of the Morning Media Menu, GalleyCat editor Jason Boog explored the sexy side of book publishing in the digital age. First, we discussed the launch of Bookish, a collaboration between three major publishers that could very well challenge Amazon and Goodreads with a new platform for book discovery and sales. Since we mentioned Goodreads, we couldn’t help but gossip about the company’s recent crack-down on adult content in the social reading network.
Digital book sales were up 3 percent during Q3 2012 at the Hachette Book Group as compared to Q3 2011, according to financial results released today from HBG’s parent company The Lagardère Group.
According to the financial report, Lagardère’s net sales were approximately $795 million, up 4.2 percent on a reported basis during Q3. Hachette’s net sales were up 6 percent during the quarter, but were still below the prior year. Digital book sales at Hachette have remained a steady business and continue to represent 20 percent of all book sales from the group in the U.S. and the U.K., the same as last year. Digital accounted for 6.4 percent of total net sales for all of Hachette Livre, which includes international sales. Read more