by Michael Kozlowski at Good e-Reader
Over the course of 2016 overall publisher revenue was $14.3 billion, down 6.6% from 2015. One of the key trends from last year was that reading preferences continue to shift. Print books saw growth, and for the second consecutive year publisher revenues from eBook sales declined and downloaded audio grew.
Publishers’ book sales for trade (consumer) books from Jan. to Dec. 2016 were flat -0.2% at $7.1 billion. While Religious Presses and Children’s & Young Adult Books (Childrens/YA) saw growth in 2016, the Adult Books category (which comprises more than 65% of all revenue for trade books) saw a 2.3% decline.
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