Continuing on the theme of change in publishing, I came across the latest report by The Publishers Association, released a few days ago. Philip Jones did a great job at going through it, explaining what one can learn from it. Although it refers specifically to the UK market, the trends are similar in the US. Please note the information below refers to traditional publishing; there is a growing number of digital-only publishers not represented in the PA data (not least Amazon Publishing) that would help broaden our understanding.
You can read below what I consider to be the highlights.
The Yearbook confirms that e-book sales have softened for most trade publishers, with sales growing just 5.3% in 2014. The impact was felt most acutely in the fiction sector, where e-book sales did not bring in enough additional revenue to cover the gap made by print’s continuing…
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