Simon & Schuster sales flat in 2018
Simon & Schuster worldwide revenues fell marginally from US$830 million (A$1.16bn) in 2017 to US$825 million (A$1.15bn) in 2018, reports Publishers Weekly.
During 2018 domestic sales in adult and children’s books were flat, and international sales fell. S&S CEO Carolyn Reidy said 2018 sales didn’t benefit from movie tie-ins that helped drive sales in the previous year. ‘We relied on our own publishing and I am proud of that,’ she said.
Standout titles in 2018 included three political titles: Fear: Trump in the White House by Bob Woodward, Ship of Fools by Tucker Carlson, and Unhinged by Omarosa Manigault-Newman. Children’s sales were led by Jenny Han’s To All the Boys I’ve Loved Before, Rachel Renee Russel’s Tales from a Not-So-Happy Birthday: Dork Diaries: Book 13, and Cassandra Clare’s Queen of Air and Darkness: The Dark Artifices Book 3.
Reidy said S&S performed well given the reduction in printing capacity the industry experienced over the holidays. She added that the industry now realises it is operating in a new environment where printing capacity has declined, but is confident S&S will adapt to the changing circumstances.
Tags: Simon & Schuster
Category: International news