July 26, 2026

Ups and Downs

Last week, Judge Araceli Martínez-Olguín officially approved the historic $1.5 billion settlement in authors and publishers’ class action copyright lawsuit against AI giant Anthropic after more than a year of legal proceedings. A spate of popular children’s and YA titles helped give May publishing sales a 7% boost, compared to the same period last year. And Scholastic’s revenue fell 3% in the 2026 fiscal year, though CEO and president Peter Warwick says the publisher is undergoing a “multi-year transformation” and expects greater returns moving forward. Meanwhile, the son of late Scholastic chairman Dick Robinson is contesting the validity of his father's will in court.

Earlier this month, Lyx, the Germany-based new adult romance publisher, celebrated its U.S. launch at the Ripped Bodice bookstore in Brooklyn on July 17. The event featured a panel with Lyx authors (from l.) Selina Mae, Brittainy Cherry, Sarah Sprinz, Anabelle Stehl, and Anna Savas.

Courtesy Brittani Hiles

Judge Gives Final Approval of $1.5 Billion Anthropic Settlement

Judge Araceli Martínez-Olguín approved the landmark settlement in the class action copyright lawsuit on July 20. Authors and publishers are entitled to receive about $3,000 for each infringed work used to train the AI company’s large language models. more

Publishing Sales Rose in May

Big increases in the children’s/YA category and solid adult trade results led to a 6.8% bump in May sales at the 1,416 publishers that report to AAP’s StatShot program. more

Scholastic’s Sales, Earnings Dipped in Fiscal 2026

Despite the mediocre results, CEO and president Peter Warwick said the company “made substantial progress in a multi-year transformation” of the company and expects sales and profits to rise in the current year. Total revenue fell 3% in the fiscal year ended May 31, 2026. more

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