E-book Sales Are Exploding And Hurting Paperbacks, Publishers Say

paidContent reporting:
 All manner of metrics in publishing point to one fact - e-book sales are now beginning to take off in a big way.

“In recent weeks, HarperCollins has seen its ebook sales growing five to 10 percent, week-on-week,” the publisher’s international CEO Victoria Barnsley OBE told the World E-Reading Congress, which I attended in London on Tuesday morning.
“The paperback fiction market this year is down seven percent in trade value - I put this almost entirely down to ebook sales ... the mass-market paperback is the thing we’re going to cannibalise most.”

Another publisher, Random House’s deputy CEO Ian Hudson, explained: “We’ve seen e-book growth outstrip our (total) sales this year by a factor of 10.”
But growth pace differs internationally. Hudson showed the congress this Bowker data which illustrates a gulf in digital propensity amongst U.S. and UK book buyers…

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