Overall book sales in the Czech Republic are up as the number of new titles published declines slightly. Industry consolidation and a focus on high-performing books may be the cause.
The expansionist drive at Prague’s Albatros Media continues with the company’s acquisition of Panteon, a press focused on adult fiction.
Already estimated to hold some 17 percent of the Czech wholesale book market, Albatros Media this spring continues broadening its acquisitions portfolio by buying the country’s oldest publisher, gaining access to the adult nonfiction market in the process.
More than a quarter of the roughly 15,000 ebooks available in Czech are on the newly launched Bookport subscription platform, with more titles coming.
A new tax law allows Czech companies to offer tax-deductible book vouchers to employees. Publishers are hoping for a boost in book sales and book prices.
Czech publishers see gains in 2016’s market performance but are concerned about stubbornly high VAT rates and falling book prices.
Czech book distributor Euromedia Group hopes to expand its activity by acquiring the country’s leading bookstore chain, Neoluxor.
The Czech Republic’s largest media conglomerate, Empresa Media, has just launched a book publishing division, adding to its television, radio and magazine businesses.
Solidifying its hold on the Czech children’s book market, Albatros Media acquires Danish consortium Egmont’s Czech operation.
The Saudi government is protesting the publication of a new translation of Salman Rushdie’s The Satanic Verses in the Czech Republic.