As print sales fall, Czech publisher Grada focuses on its digital subscription platform and much-needed tech upgrades to meet the growing demand for digital content.
Having sold the Chinese rights to every children’s title the Czech house took to Beijing, Albatros has nothing left to sell this weekend at Shanghai’s fair.
The Miami-based Czech news correspondent Jana Ciglerová is the author of the first book to be released in October by the newly established Edice N in Prague.
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.
In its latest market report, Slovakia’s publishers’ association says the overall book market was worth up to €110 million (US$135.3 million) in 2016. Fiction rose to 27 percent of those sales.
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.