Publishers' Weekly Publisher Cevin Bryerman in Montreal
“The world is changing, and we’re trying to change with it.”
Accelerating change in the book world
12 April 2011
The pace of change in the book world is accelerating. In 2009, Indigo CEO Heather Reisman figured that 15% of her traditional book business would be eroded by e-book sales within 5 years.
On April 8, 2011, she told The Globe & Mail’s Marina Strauss, she’s looking at 40% in the net 5 years.
U.S. e-book sales are expected to nearly triple to $2.8-billion by 2015, according to Forrester Research estimates.
And an
April 11 response by Bruce Batchelor to a Quill & Quire Omni report on Strauss’s article argues:
“The change from print-books to e-books is happening even faster than Heather predicts. Some large US publishers are reporting 25% of their sales are already happening in e-book format, and none are reporting less than 10%. This is particularly noticeable in FICTION, for which print-book sales dropped 9.8% in the UK in the first quarter of 2011, compared to last year; in the US, print-book sales dropped a massive 19.3% for the past three months. [Both figures from Nielsen Book, the main industry tracking system.]"
Linda Leith
.ll.
