June 15, 2021 Read More
We applaud President Biden for appointing Lina Khan as Chair of the Federal Trade Commission, following her Senate confirmation earlier today. With a brilliant legal mind and a comprehensive understanding of antitrust issues, Ms. Kahn is the right woman at the right time to lead the agency and will be the youngest FTC Chair in history. She has long been a thought leader in public policy, including because of her groundbreaking article, Amazon’s Antitrust Paradox, (written while still a law student). From law school to law professor, and most recently, as counsel with the House Judiciary Committee in its ground breaking investigation, she has clearly and confidently defined the threats posed to the public by the dominant tech platforms that have come to control much of our economy and society, including Amazon’s dominance over retail sales and Google’s dominance over search. We welcome Ms. Khan’s leadership and the important work that lies ahead.
June 7, 2021 Read More
“We are devastated by the sudden passing of Scholastic Chairman and CEO Dick Robinson,” commented Maria A. Pallante, President and CEO, AAP. “He was an extraordinary leader in children’s publishing throughout his long career, and a generous mentor and colleague to generations of professionals, not only in children’s books but across the entire publishing industry. Dick believed deeply in the power of publishing to inspire students and drive progress. A former Chairman of the AAP’s Board of Directors, he was the longest serving Director in the organization’s history, serving on the Board with dedication for 32 years from 1989 until his untimely death. We send our heartfelt condolences to Dick’s family, friends, and everyone in the Scholastic community.”
Brian Napack, Chairman of the Board, AAP, continued. “Dick Robinson was a major force in publishing, and he will be missed dearly. He lived his mission to inspire and educate through literature, and to improve the world with empathy and understanding. The wealth of wonderful literature he published and the enduring relationships he nurtured through his career ensure a lasting legacy that teaches us to dream big, do good work, and advocate for all people.”
May 28, 2021 Read More
On behalf of AAP’s entire membership, we congratulate Dr. Eric Lander on his confirmation today by the U.S. Senate to serve as Director of the White House Office of Science and Technology Policy (OSTP). Dr. Lander’s life-long commitment to improving people’s lives through scientific advancement, his dedication to disseminating knowledge through scientific publications, and his strong policy experience make him the perfect choice for this critically important role. Together with our members, we look forward to working closely with Dr. Lander in support of scientific communication and the dissemination of knowledge.
May 27, 2021 Read More
Trade (Consumer Book) Revenues Up 34.2% in March and 24.9% Year to Date
May 27, 2021 — The Association of American Publishers (AAP) today released its StatShot report for March 2021 reflecting reported revenue for all tracked categories, including Trade (Consumer Books), K-12 Instructional Materials, Higher Education Course Materials, and Professional Publishing.
Total revenues across all categories for March 2021 were up 40.2% as compared to March 2020, coming in at $896.1 million. Year to date revenues were up 22.3%, at $3.1 billion for the first three months of the year.
Trade (Consumer Books) Revenues
Trade (Consumer Books) sales were up 34.2% in March, coming in at $743.9 million, and up 24.9% year to date, with $2.1 billion in revenue.
In terms of physical paper format revenues during the month of March, in the Trade (Consumer Books) category, Hardback revenues were up 50.9%, coming in at $293.7 million; Paperbacks were up 27.7%, with $239.9 million in revenue; Mass Market was up 34.6% to $20.6 million; and Board Books were up 46.5%, with $15.3 million in revenue.
eBook revenues were up 21.0% for the month as compared to March of 2020 for a total of $88.0 million. The Downloaded Audio format was up 16.7% for March, coming in at $58.5 million in revenue. Physical Audio was down 16.1% coming in at $1.6 million.
Year to date, Hardback revenues were up 34.0%, coming in at $765.3 million; Paperbacks were up 19.3%, with $651.2 million in revenue; Mass Market was up 36.6% to $61.8 million; and Board Books were up 9.8%, with $44.9 million in revenue.
eBook revenues were up 20.7% as compared to the first three months of 2020 for a total of $278.2 million. The Downloaded Audio format was up 21.0%, coming in at $189.4 million in revenue. Physical Audio was down 5.3% coming in at $4.8 million.
Religious press revenues were up 29.9% in March, coming in at $58.4 million.
On a year-to date basis, religious press revenues were up 12.8%, at 187.1 million.
During March of 2021 Education revenues were $111.7 million, up 115.5% compared with March of 2020. Year to date education revenues were $865.9 million, up 18.7% as compared to the first three months of 2020.
Revenues from Higher Education Course Materials were up 179.2% for the month, as compared to March of 2020, coming in at $50.4 million. Year to date Higher Education was up 17.8%, at $741.5 million.
PreK-12 Instructional Materials revenues were up 81.5% for March 2021, at $61.4 million. Year to date PreK-12 revenues were up 24.0%, coming in at $124.4 million. More in-depth information on PreK-12 Books and Materials Monthly is included in AAP’s PreK-12 monthly report.
Professional Books, including business, medical, law, technical and scientific, were up 33.2% during the month, coming in at $33.1 million. Year to date Professional Books were $95.9 million, up 12.7% as compared to the first three months of 2020.
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AAP Statshot reports the monthly and yearly net revenue of publishing houses from U.S. sales to bookstores, wholesalers, direct to consumer, online retailers, and other channels. Statshot draws revenue data from approximately 1,360 publishers, although participation may fluctuate slightly from report to report.
StatShot reports are designed to give ongoing revenue snapshots across publishing sectors using the best data currently available. The reports reflect participants’ most recent reported revenue for current and previous periods, enabling readers to compare revenue on both a month-to-month and year-to-year basis within a given StatShot report.
Monthly and yearly StatShot reports may not align completely across reporting periods, because: a) The pool of StatShot participants may fluctuate from report to report; and b) Like any business, it is common accounting practice for publishing houses to update and restate their previously reported revenue data. If, for example, a business learns that its revenues were greater in a given year than its reports first indicated, it will restate the revenues in subsequent reports to AAP, permitting AAP in turn to report information that is more accurate than before.
May 6, 2021 Read More
Maria A. Pallante, President and CEO of the Association of American Publishers (AAP), today announced that Senator Amy Klobuchar (D-MN) will receive AAP’s 2021 Award for Distinguished Public Service, which honors individuals who have made important contributions to the public good by advancing laws or policies that respect the value, creation, and publication of original works of authorship.
Senator Klobuchar is a senior member of the Senate Judiciary Committee and Chair of the Subcommittee on Competition Policy, Antitrust, and Consumer Rights. Her new book, Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age (April 2021, Knopf Doubleday Publishing Group) was released on April 27, 2021. She is also the author of The Senator Next Door: A Memoir From the Heartland (August 2015, Henry Holt and Co.).
“We are proud to recognize Senator Klobuchar because she leads every day on issues that are profoundly important to publishers, authors, and the democracy that we serve,” commented Ms. Pallante. “In particular, we applaud her determination to address one of the most complex and urgent problems of our time: the unprecedented power and dominant conduct of giant technology platforms over businesses and society. As the Senator has stated, our laws need to be ‘as sophisticated as the companies that now occupy our economy.’”
Senator Klobuchar will accept the award virtually during AAP’s annual general meeting on June 2, 2021. She will be bookmarked by keynote speakers Don Lemon, host of CNN Tonight with Don Lemon and author of This Is the Fire: What I Say to My Friends About Racism (March 2021, Little, Brown and Company), and Brad Stone, Senior Executive Editor of Global Technology at Bloomberg News and the author of Amazon Unbound: Jeff Bezos and the Invention of a Global Empire (May 2021, Simon & Schuster), as well as The Everything Store: Jeff Bezos and the Age of Amazon (October 2013, Little, Brown and Company).
Past Recipients of AAP’s Award for Distinguished Public Service and AGM Speakers
Previous recipients of AAP’s Award for Distinguished Public Service include Congressman Jerry Nadler, Congressman Doug Collins, and Jeffrey Rosen, the President and CEO of the National Constitution Center. Previous speakers include Walter Isaacson, Jon Meacham, Jonathan Taplin, Bill Clinton, Hillary Clinton, and Laura Bush.