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Inside Litball

“Bertelsmann’s 7% decline in 2016 revenue was due entirely to a drop in sales at Penguin Random House. The lack of a big new bestseller hurt results at the company, and it divested some smaller divisions in the year.” For those interested in inside baseball, Publishers Weekly takes a look at how the world’s 50 largest publishers are faring. (TL;dr: Although their total revenue topped $50 billion, more than half of the list’s publishers reported sales declines – oh, and Harry Potter still really, really sells). As a counterpoint to all that capitalism, read our own Edan Lepucki‘s survey of self-published authors.

The post Inside Litball appeared first on The Millions.



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