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“This is great news for writers,” Hachette CEO Michael Pietsch said in a statement. “The new agreement will benefit Hachette authors for years to come. It gives Hachette enormous marketing capability with one of our most important bookselling partners.”
Although details of the agreement weren’t revealed, the new ebook terms will take effect early next year; however, the companies said they’ll immediately resume “normal trading.” Amazon similarly reached a new contract last month with Simon & Schuster.
Publishing | The latest BookScan numbers reveal June was a good month for manga in bookstores, with eight volumes of Attack on Titan making the top 20 — a new record. The first volume topped the list, which means new readers are still discovering Hajime Isayama’s dark fantasy. Overall, manga had a slight edge, with 11 titles, and all three volumes of Saga were on the list, but only one volume of The Walking Dead. And despite the Amazon-Hachette battle, the Yen Press title Sword Art Online: Aincrad made the chart. [ICv2]
Publishing | ICv2 and Comichron’s John Jackson Miller joined forces to calculate the size of the entire comics market, including the direct market, bookstore and digital channels, and both single issues and graphic novels. Inevitably some things get left out, such as subscription services, sales to libraries and the juggernaut that is the Scholastic Book Fair, but it’s a good snapshot. The bottom line: $850 million in 2013. [Comichron]
Retailing | A federal judge has issued a temporary restraining order halting the $21.4 million purchase of retail chain Hastings Entertainment by Joel Weinshanker, president and sole shareholder of Wizkids parent National Entertainment Collectibles Association. The order was granted at the request of two Hastings shareholders who sued to stop the sale, insisting the price paid for the retailer is too low; it will remain in effect until a hearing can be held on June 12. Hastings issued a statement Monday pledging to “vigorously dispute these claims.” Hastings operates a chain of 149 stores that sells books, comics, video games and more. [Amarillo Globe-News, via ICv2]
Retailing | Amazon may be charging full price for Hachette’s graphic novels as part of its continuing contract dispute with the publisher, but Barnes & Noble has leaped into the breach with big discounts and a buy-two-get-one-free promotion on Hachette’s Yen Press manga and Little, Brown’s Tintin books. [ICv2]
Retailing | Finally breaking its silence regarding the feud with Hachette over sales terms, Amazon acknowledged it’s buying less print inventory and “safety stock” from the publisher and is no longer taking pre-orders for its titles. And while Amazon conceded that “Hachette has operated in good faith and we admire the company and its executives,” the retail giant said “we are not optimistic that this will be resolved soon.” The company also recognized the affect the dispute may have on authors, revealing it offered to fund 50 percent of an author pool to help mitigate the impact. Hachette responded, saying it was glad Amazon has admitted its actions have an effect on authors: “We will spare no effort to resume normal business relations with Amazon—which has been a great partner for years — but under terms that value appropriately for the years ahead the author’s unique role in creating books, and the publisher’s role in editing, marketing, and distributing them, at the same time that it recognizes Amazon’s importance as a retailer and innovator.” [Publishers Weekly, GalleyCat]
Retailing | Amazon’s war with Hachette has taken an odd turn: The retail giant has restored discounts and preorders for Marvel (which uses Hachette as its distributor), and the shipping delays are gone, but it seems to have doubled down on Hachette imprint Yen Press. [ICv2]
Retailing | Heidi MacDonald reports on Diamond Comic Distributors’ year-to-date sales figures, and it’s a bit of a mixed bag, with sales of monthly comics down but graphic novels and merchandise up, for a slight uptick in overall sales. Another interesting statistic: The number of individual Diamond accounts (which is generally regarded as a measure of the number of comics shops) is up 1.3 percent for 2014 so far; last year’s increase was 3 percent over the entire year. She also reports on the numbers for this year’s Free Comic Book Day; retailers ordered 4.65 million comics, and most were happy with the way the day went. [Publishers Weekly]
Publishing | Both Marvel and the manga publisher Yen Press are caught in the middle of the Amazon/Hachette dispute: Hachette is accusing Amazon of suppressing sales of Hachette titles in order to force the publisher to agree to its terms, according to The New York Times. Marvel uses Hachette as its distributor and Yen is a Hachette imprint; ICv2 found evidence that several of Amazon’s cited tactics, which include shipping delays and lower discounts, were being used on their titles. In fact, Amazon is offering no discount at all on Yen Press titles at the moment. [ICv2]
Comics sales | ICv2 runs the numbers on April comics sales, and The Amazing Spider-Man #1 is the spring phenom: After three months of no comic selling more than 100,000 copies, ASM #1 sold more than 500,000, thanks in no small part to its nearly 50 variant and retailer custom covers, generating a record $3.19 million. Two other comics, Superior Spider-Man #31 and Batman #30, also hit the six-figure mark. ICv2 has the numbers for the top 300 comics and graphic novels as well. [ICv2]