Every year the Prime Minister has a different cause, this year it is reading that has caught his eye. The good news is that the Paris Book Festival will take place this year. In fact, the 2022 Paris Book Festival shows that the event is still important even 41 years after it was created. It will now be under SNE management, chaired by Vincent Montagne and it will no longer be held in the Porte de Versailles. While the event will be mainly held at the “Grand Palais éphémère”, it will also take over other Parisian venues such as the Petit Palais, the Maison de la Poésie, the Sorbonne, the Panthéon, the Military School, the Académie du Climat and the Guimet Museum. It has also become a free event. However, you will need to book a ticket online, as no more than 5,500 visitors will be allowed.

Supply challenges continue even in Finland!  This is due not only to the prolonged strike in the UPM Finnish mills, but also due to the war in Ukraine. Finnish newspaper publishers said they were expecting the paper shortage to worsen, adding that newspaper production could be difficult this spring. Finland is estimated to get around 20,000 tonnes/year of newsprint in Russia.

If you were wondering whether printed press is still important, here is some proof! The cryptocurrency platform Binance has invested $200 million in the American magazine Forbes, famous for its ranking of the greatest fortunes. Thanks to this investment, the magazine must go public in the first quarter. In a statement released at the same time as the announcement, Binance’s founder, Changpeng "CZ" Zhao, said the media was an essential element in strengthening consumers' understanding of cryptocurrencies and digital assets.

Founded in 2000, Bragelonne became the # 1 independent publisher of imaginary literature in just ten years. It is the 25th editorial group in France with a turnover of 15.4 million euros and about fifty employees. The company is writing a new chapter in its history by joining the #1 French publishing group, Hachette Livre. Bragelonne was a pioneer in France to discover different literary genres by offering content but also innovative formats. They started of only one genre, there are now  seven as diverse as the imaginary, comic books  and young adult.  In 2019, the Bragelonne Group  developed a board game business with its subsidiary Bragelonne Games. With a catalog of 4,000 titles, Bragelonne publishes more than 600 authors, bringing together the greatest names in fantasy and science fiction. Bragelonne is the French publisher for the world-famous Polish series The Witcher, by Andrzej Sapkowski, which is also published by Hachette Books in English-speaking countries. With this latest acquisition, Hachette Livre strengthens its position in this very dynamic segment. The Hachette Live Group, a subsidiary of Lagardère SCA, is the world’s third largest consumer publishing group (trade and education). With revenues of €2,375 million for 2020, it is # 1 in France, # 2 in Great Britain, #3 in Spain and # 4 in the USA.

Books and newspapers deserve specific taxation due to their social, cultural and economic value along with their contribution to education and citizenship. That is what the ECOFIN Council confirmed : not only does the Council’s agreement keep the books and newspapers on the list of articles where reduced rates may apply, but it places them in the group that may benefit from super-low or zero rates. This move was welcomed by the European Publishers Federation. “We hope that all European countries will seize this opportunity and adjust the tax system for books and newspapers in all formats or, why not, improve their current system,” said Peter Kraus vom Cleff, the Federation’s President.  For your information, the super-reduced rate is fixed at 2.1% and the reduced rate is at 5.5%. The latter is the rate applied in France on both printed and digital books.