Aug
16
2011
The New York Times reports:
- Revenues from adult novel sales grew 8.8% from 2008-10.
- Juvenile fiction revenues grew 6.6%.
- In total, book-publishing revenues are up 5.6% and total sales are up 4.1%.
- From 2008 to 2010, e-books grew from .6% to 6.4% of the total market for books.
- Adult hardcover and paperback books grew only 1% and mass-market paperbacks declined 16%. (Ouch).
Hat-tip: This Week in Writing, by Mark Evans.
Mar
01
2010
Two things jump out at me here. First, the author’s royalty is proportionally much larger with e-books than hardcovers (20-25% compared to 15%, and even lower for paperbacks). Second, since distributing an e-book is cheaper, the cost to consumers should drop considerably.
Picture taken from the New York Times. Full article here. This statistic caught my eye: “The industry is based on the understanding that as much as 70 percent of the books published will make little or no money at all for the publisher once costs are paid.”
