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.
Contributing editor Marie-Andrée Lamontagne’s introductory text for the French online Salon .ll. argues that literature has never thrived as much as it does today, when it has all but disappeared from sight.
Translation by Jonathan Kaplansky.
Contributing editors Felicia Mihali, Marie-Andrée Lamontagne, and Annabelle Moreau planning the
literary salon, October 2011.
Would anyone have bothered making The Social Network – or praising it – if it weren’t for the fact that Zuckerberg ended up with $26 billion?
Ambiguous, evocative and sometimes terrifyingly violent, Drive is worth the watch.
"The change from print-books to e-books is happening even faster than Heather predicts." -- Bruce Batchelor
