Major Book PublishersImportant book publishers
54 largest publishing houses in the world, 2017
Despite the fact that in 2016 the 50 biggest book publishers in the word generated revenues of more than 50 billion dollars, the past year was not an uncomplicated one for the big publishers worldwide. Fewer than half of the 50 biggest publishers recorded growth in revenues in 2016. Some of the firms that had the hardest year was Pearson, which had a 15% decrease in revenues, to $5. 62 billion.
Revenue in the education sector, particularly in the US, declined in 2016 in comparison to 2015, and the decline represented a decline in revenue for publishers and also resulted in restructuring in some of them. In 2016, Pearson went through a company-wide reorganisation in reaction to changes in the education world.
At the beginning of the year, the publishing house for education said it wanted to reduce about 3,000 further jobs. While Houghton Mifflin Harcourt, who was the world' s number 14 publishing house in 2016 but recorded a 3% drop in sales, said this coming fall, it will reduce between 8% and 10% of its 4,500 employees by 2017.
McGraw Hill Education is another education company that recorded a 4% drop in revenues last year from 2015. Nevertheless, MHE, which will eventually go to the stock exchange, was the biggest American book publishers in 2016. RELX Group, Thomson Reuters and Wolters Kluwer - other members of the Top 10 - are mainly due to our decisions to eliminate the revenues of some business units that have left the book-publishers.
However, the 7 percent decrease in revenues in 2016 is exclusively attributable to a decrease in revenues at Penguin Random House. Bertelsmann's increased revenues in the educational sector partially compensated for the decrease in PRH. Hachette Livre's slight decrease in turnover is due to exchange rate fluctuation between the euros and the US dollars.
Without taking into account currency translation effects, Hachette Livre's turnover was 2.5% higher than in 2015. This growth was driven by the UK Group's robust 11% rise in revenues, driven by the global performance of J.K. Rowling's Harry Potter and the Canadian and US-based Harry Potter and the Course Child and Fantastic Beasts and Where to Find Them in English.
The Hachette Livre turnover comprises the Hachette Book Group USA, which achieved an increased turnover in 2016 thanks to the Perseus Books Group, which it purchased in March 2016. In 2016, only two of the top 10 biggest publishers recorded significant growth in turnover.
The Spanish Grupo Planeta recorded a slight rise in turnover, Springer Nature a plus of 7%. The first full year of operations for Springer Nature last year was in May 2015, when the Holtzbrinck-owned Macmillan Science and Educational company (excluding Macmillan's US university and retail properties) merged with Springer Science + Business Media.
In spite of the poor results of the top 10 publishers, their contribution to total publishing revenues was 56% of the total, compared to 54% in 2015. Ever since we began the rankings of the world's top ten publishers, the top ten represent 53%-58% of the sales of all the publishers in the rankings.
Wiley, who was the world's ninth-largest publishing house last year, was one of three US corporations, along with Scholastic and HarperCollins, whose rankings are ranked on the basis of 2016 and not 2017 numbers. Wiley, which calculates itself a worldwide research and education organization, had sales of $1.72 billion for the year ended April 30, 2017, a decrease of less than 1% compared to 2016.
Scholastic's 2017 financial year ended May 30, 2017, and its revenues increased 4% over 2016 to $1.74 billion. This was an incremental turnover spurred by sharp growth in the trading group, where turnover increased by 45% thanks to the powerful performance of Harry Potter and the Damned Child and the Fantastic Animals and where they can be found.
HarperCollins's revenues for the tax year ended June 30, 2017, dropped by $10 million, less than 1%, to $1. 64 billion. HC, which sees global roll-out as the keys to long-term development, was the world's twelfth strongest publishing house in 2016. A total of six US corporations were among the 50 leading publishers in the global market. With a turnover of 767 million dollars last year, Simon & Schuster was the twenty-third most important publishing house.
In 2016, two publishers from Brazil were back in the rankings after falling back in 2015 due to the fall in the value of the country's curasan. Last year Somo's Educacao (formerly Abril Educacao) was the thirty-twoth biggest publishing house in the word, also thanks to the takeover of the book business of Saraiva and an improved foreign trade rate.
Eksmo's sales in Russia in 2016 were boosted by two bolt-on acquisition deals and the company ranked number 38 in the world rankings. In the 2016 rankings, publishers from China are excluded. In 2014, we began to include China publishers when businesses in China began to deliver actionable information, and in 2015, five China publishers were involved.
In 2016, however, the Chinese authorities amended the eligibility criterion for China's top 30 cultural enterprises (including publishing). As a consequence, the goverment does not encourage publishers to participate in ranking systems that are exclusively economically-driven. Editorial note: This table has been revised and now contains four new publishers.