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Stock impact report

Instapoets Rekindling U.S. Poetry Book Sales, The NPD Group Says

ALTABA INC (AABA) 
US:NASDAQ Investor Relations: altaba.com/investor-relations
Company Research Source: PR Web
PORT WASHINGTON, N.Y. (PRWEB) April 05, 2018 The rising popularity of poetry on social media is driving a resurgence in poetry book sales in the United States. In fact according to global information company The NPD Group, twelve of the top 20 bestselling poetry authors in 2017 were "Instapoets," who combine their original poetry with images, creating highly shareable posts on Instagram, Twitter, Tumblr and other social media platforms. In fact, almost half (47 percent) of poetry books sold in the U.S. last year were written by Instapoets. Alongside the rise in Instapoets, the poetry book category in the United States has grown at a compound annual growth rate of 21 percent since 2015, making it one of the fastest growing categories in publishing."Social media is allowing poets to share their work with a larger, younger and more diverse audience," said Kristen McLean, books industry analyst for The NPD Group. "Instapoet Rupi Kaur's first collection, 'Milk and Honey' sold more than o Show less Read more
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