More than 3,525,000 pageviews from 150 countries


Monday, November 18, 2013

Writing Quote: E-Books Taking Over in Britain

     Ninety-eight British publishers closed their doors in the year ending August 2013. The cause? E-books and online discounts.

     Closures were up 42 percent over the previous year, according to the Guardian. The companies that folded included the 26-year-old healthcare publisher Panos London, and Evans Brothers, which published popular children's book author Enid Blyton for 30 years.

     During 2012, e-book sales in Britain rose by 134 percent to more than $346 million. While print sales still dominated the bottom line in Britain with more than $4.6 billion in sales, that total was a one percent drop from the year before. The trend is toward e-books, and that trend has not been good for publishers….

     "The rise of Amazon and other discount sellers with massive buying power means the pressure on publishers' margins is now immense," Anthony Cork of [publisher] Wilkins Kennedy told the Guardian. "While publishers might be able to sustain relatively small margins on a bestseller, it is much harder for niche publishers."

Carolyn Kellogg, Los Angeles Times, November 5, 2013

No comments:

Post a Comment