Turning the corner? E-book revenue props up publishing industry
E-book sales are soaring — especially in genres like adult fiction and children’s/young adult — according to a new survey of the publishing industry.
BookStats, jointly launched in 2011 by the Association of American Publishers and the Book Industry Study Group, released select results Wednesday from the third annual report in its history. The survey covered the calendar year 2012.
“E-books grew 45 percent since 2011 and now constitute 20 percent of the Trade market, playing an integral role in 2012 Trade revenue,” BookStats reported via press release. “The most pivotal driver of e-books remains Adult Fiction, with Children’s/Young Adult also showing strong numbers.”
The New York Times’ Julie Boseman wrote, “E-book sales in fiction rose 42 percent over the year before, to $1.8 billion. E-book sales in the children’s and young-adult categories increased 117 percent, to $469.2 million. The survey revealed that e-books now account for 20 percent of publishers’ revenues, up from 15 percent in 2011.”
Jamshid Ghazi Askar is a graduate of BYU's J. Reuben Clark Law School and member of the Utah State Bar. Contact him at firstname.lastname@example.org or 801-236-6051.