Book publishers are expected to close their doors for good next year.
The Australian Book Publishers Association (ABCA) said it would not be making any final decisions on its relationship with publisher B&H and its parent company, Angel Publishing, as part of a three-year “pause”.
Key points:The publisher announced last week it was ending its deal with the Guardian publisher over copyright issuesThe ABCA said it was disappointed the agreement had come to an end, but did not say when it would reopenThe ABC says the deal was signed in 2013 but the publishers had not announced any date for the end of the agreementThe ABC said it had been approached by Guardian publishers to renew the contract in 2018, but had not confirmed whether it would be renewed.
The ABCAA said it welcomed the end to the partnership and welcomed a new approach from B&h.
“We recognise that this agreement has come to its end,” the ABCA chief executive officer and chief executive of publishing, Paul Keogh, said.
“B&H has been engaged in a long-term collaborative relationship with the ABC for over 30 years and we look forward to a new and better relationship in the future.”
The ABC has made a commitment to ensure that B&S books continue to sell and have a place in the marketplace.
“This will help to ensure the best possible customer experience.”
Mr Keogh said the agreement was “very important” for the industry, but said it did not mean there would be no future partnership with the newspaper.
“Our relationship with B&B is very different to what you see in the market today, in terms of the level of engagement with the publishers and the level we provide,” he said.
The publisher of The Last Tycoon, an award-winning biography of Donald Trump, is considering closing its doors.
The Guardian publisher had previously said it wanted to renew a 10-year partnership with The Guardian.
In a statement, B&K said it hoped to “move on with our lives and continue to build a strong business”.
“As a company we have had a great partnership with BH for the past 10 years, and we are looking forward to working with them in the coming months to bring B&C’s content to the next generation,” the statement read.
“But as the Guardian’s global business is under great pressure, we have decided to consider our future in the publishing industry and take a more holistic approach to how we publish.”
The ABC published a statement last week from the Guardian publishing group, which said it planned to “take the necessary steps” to ensure its future.
B&K is a “small, independent publisher” based in Perth, with a history of producing “big, ambitious books that are relevant and popular in the world”, it said.
It also said that B &H’s publisher, Guardian Books Australia, was “committed to building a thriving, global publishing business”.
The statement said it could not speculate on the future of the relationship.
B &H had been a partner for the Guardian for 30 years, but announced in June it would no longer be publishing its books, which it said were too expensive for the “average Australian”.
It said it made a decision in August to end the relationship with Guardian Publishing, after a five-year agreement with the publisher expired.
The deal with B & H was concluded in July 2013.