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WH Smith Revises Down Profit Forecast
Share prices have plunged at the U.K.-based WH Smith, which sold its bookstore chain earlier this year, after the company sliced £30 million off its £140 million profit forecast due to problems in its U.S. operations, now being investigated by Deloitte.
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Audible Sets Its Sights on Mexico, Spanish-Language Expansion
At an event in Mexico City earlier this month, the audiobook platform showcased its growing Spanish-language catalog, with an emphasis on original productions in collaboration with local authors and narrators.
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Wilton Square Launches with Plans to Acquire Orphaned Unbound Titles
Will Atkinson, former head of Atlantic Books in the U.K., has founded Wilton Square Press, a new publisher that intends to acquire titles from the now-defunct Unbound and Boundless, offering authors a joint-venture, revenue-share contract.
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U.K.’s StoryFeast Festival Spotlights East and Southeast Asian Voices
The inaugural StoryFeast Festival in London, which runs September 13–21 and features 20 authors, aims to raise the profile of East and Southeast Asian writers for U.K. readers and publishers alike.
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BookTok Celeb Jack Edwards Wants to Elevate Online Reading Culture
Edwards’s new online book club, Inklings, attracted 75,000 members in its first week. The U.K.-based influencer, who hosts livestreams for the Booker Prize and is curating a day of events at the Gothenburg Book Fair, says he wants to make literary discussions more accessible.
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Storytel Surpasses 2.5 Million Subscribers
Net sales at Storytel rose to $87.4 million in Q2 thanks in part to what CEO Bodil Eriksson Torp called “high subscriber intake.” The Swedish audiobook and e-book streaming company added 80,000 new subscribers in Nordic countries and 35,000 abroad.
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Canadian Author Sues Four AI Companies for Copyright Infringement
J.B. MacKinnon of Vancouver has filed class action lawsuits against Anthropic, Databricks, Meta, and Nvidia, alleging they illegally used copyrighted works by Canadian writers to train their large language models.
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Ingram’s MediaScout Launches in U.K. and European Markets
Ingram Content Group has expanded MediaScout, its film and television rights discovery service, to the U.K. and Europe. The platform allows media professionals to search across a database of 2.4 million book titles for rights information.
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Young Readers Help German Book Market Hold Steady
The German book industry reported a 1.8% increase in revenue for 2024, reaching €9.88 billion; adjusted for inflation, the market fell by 0.4%. Younger book buyers bolstered the market, with the number of buyers ages 16 to 19 increasing by 9.6%.
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Audiobook Pros Confirm the Customer is Always Right
At this year’s Parix Audio Day conference in Madrid, audiobook execs framed the future as one of opportunity, especially when it comes to AI and listener engagement, but stressed that publishers must be sensitive to consumer preferences.
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Bonnier UK Veterans Launch Firefinch Publishing
Kate Parkin and Margaret Stead, former executives at U.K. publisher Bonnier Books, have founded Firefinch, a London-based independent press launching next summer with six titles, including books from Christy Lefteri and Heather Morris.
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Spanish Publishing Industry Continues Hot Streak
The industry recorded its 11th consecutive year of revenue growth, with domestic sales hitting €3.037 billion, up 6.3% compared to 2023.
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Russia Destroys Publishing House In Kyiv Following Book Festival
A Russian missile and drone attack on June 17 destroyed the Ukrainian Priority Publishing House and damaged another publisher and a bookstore. The assault came just a week after the city hosted its annual International Book Arsenal Festival.
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Audiobooks and Fiction Drive Modest Growth in U.K. Publishing Market
The U.K. publishing industry recorded overall revenue of £7.2 billion ($9.1 billion) in 2024, up 1% from 2023. Overall sales were nearly equal between print and digital formats, while audiobook revenue hit a record high. Fiction sales posted an 18% gain.
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U.K. Aerospace Execs Launch Sci-Fi Publisher
Factorial Books, a London-based science fiction publishing house founded by three space technology entrepreneurs, promises to answer submissions within five days and will offer a 50/50 revenue split with authors.
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U.K. Publishing in 2025: The U.K. and U.S. Publishing Industries Are Growing Closer
For U.K. publishers and service providers, North America is an increasingly important market and source of talent and IP.
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Selling Stateside: PW Talks with Meredith Greenhouse
The VP and general manager of Ingram Publisher Services explains how U.K. publishers are penetrating the U.S.
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DK Flips the Script: PW Talks with Paul Kelly
The publisher discusses the company’s first fiction imprint, DK Flip, which has launched in the U.S.
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U.K. Publishing in 2025: Harnessing the Power of AI
Perlego, and Oxford University Press are among the companies that are betting new technologies will streamline book search and publishing for consumers.
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How Folio Editions Expanded Its Audience
The longtime publisher of deluxe editions has refashioned itself as a hip purveyor of beautifully designed contemporary and popular titles in addition to august versions of literary classics.
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