Dog-Eared and Dispatched: August 9, 2015
In this week’s rundown of publishing news, money matters. We see financial success for Indigo and hard times for some of the beloveds in the business like St. Mark’s Bookshop and Silver Snail Comics. With the rise of Deadpool hype and footnotes on Kindle and Star Wars, it’s a boom or bust kind of season for books. Ready? Set? Read!
With financial considerations across the board, Indigo Books and Music reported a strong first quarter for 2016 with a sales growth of 2.3% and a hefty reduction in losses compared to the first quarter of 2015. CEO Heather Reisman asserts that the revenue growth “confirms our strategy is taking us in the right direction.” Comparatively, the New York City independent bookstore and 37-year favorite, St. Mark’s Bookshop is struggling to make ends meet. Failing to raise enough money through crowdfunding and actions, co-owner Bob Contant says, “to continue in our mission we need people who value our work and goals to help us.” Economic hardship has also hit Toronto’s Silver Snail Comics which will close its doors in September. Even HarperCollins may see some lower numbers as bookstores begin offering refunds for readers of Go Set a Watchman who feel that the book was not what they expected.
Longtime fans of Marvel’s Deadpool are not the only ones tweeting, gasping, and writing about the movie after the release of a much anticipated (and contested) trailer. In addition to the expected coverage and discussion on forums like ComicBook.com, mainstream media outlets like Forbes and Vanity Fair are giving ample airtime to Ryan Reynolds’s upcoming role and the way that the movie is being marketed. Easily one of the most graphic movie trailers released in recent memory, this will not be the last we hear about Marvel’s prospective box office sweetheart.
- Amazon’s Kindle broke the benchmark of offering over one million titles to little notice.
- As a self-identified “activist publishing company,” Melville House will publish Encyclical on Climate Change & Inequality by Pope Francis.
- Sourcebooks will publish two personalized Star Wars Titles this September.
- Thriller writer, Steve Hamilton has cancelled his October title, The Second Life of Nick Mason by ending his relationship with St. Martin’s Press unexpectedly and with little explanation.