Publishing Industry Status Report: Important Stories for Authors in 2017 – From Jane Friedman’s Blog

book publishing industryTraditional Publishers in 2017: Holding Steady with Print Backlist and Audio

BookScan, which tracks US book sales, recently released a report showing that print sales are still increasing this year—up by 2.6 percent compared to the first half of 2016. More specifically, retail book sales (dominated by Amazon and chain bookstores) are up 4 percent, while mass merchandising book sales (such as Walmart and Target) are down 8 percent.

Ebook sales figures are not yet available for the first half of 2017, but early reports show a decline once again. Ebooks overall have lost about $1 billion of their value as a format for traditional publishers since 2013, when they peaked at $3.24 billion. In 2016, they declined to $2.26 billion, a 16.9 percent drop from 2015.

Read the rest of this post HERE.

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