E-Book Sales Decline As Paperback Sales Rise

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Those who said the printed word was dead might want to take that back.

A news report suggests that people are ditching e-books and are returning to the good old fashioned printed books. E-book sales have declined 18.7% in the U.S. over a period of nine months in the beginning of 2016, according to the Association of American Publishers. While e-books’ sales decreased, paperbacks and hardcovers sales increased.

A similar trend occurred in the UK. As reported by the Guardian newspaper:

Sales of consumer ebooks plunged 17% to £204m last year, the lowest level since 2011 – the year the ebook craze took off as Jeff Bezos’ market-dominating Amazon Kindle took the UK by storm.

It is the second year running that sales of consumer ebooks – the biggest segment of the £538m ebook market, which fell 3% last year – have slumped as commuters, holidaymakers and leisure readers shelve digital editions in favour of good old fashioned print novels.

Continue reading “E-Book Sales Decline As Paperback Sales Rise”

E-Book Sales Decline Due To New Amazon Contracts

I thought this news report would mix well with this week’s Weekly Tea Discussion.

As reported by the Wall Street Journal:

When the world’s largest publishers struck e-book distribution deals with Amazon.com Inc. over the past several months, they seemed to get what they wanted: the right to set the prices of their titles and avoid the steep discounts the online retail giant often applies.

But in the early going, that strategy doesn’t appear to be paying off. Three big publishers that signed new pacts with AmazonLagardere SCA’s Hachette Book Group, News Corp ’s HarperCollins Publishers and CBS Corp. ’s Simon & Schuster—reported declining e-book revenue in their latest reporting periods.

“The new business model for e-books is having a significant impact on what [the big] publishers report,” said one publishing executive. “There’s no question that publishers’ net receipts have gone down.”

A recent snapshot of e-book prices found that titles in the Kindle bookstore from the five biggest publishers cost, on average, $10.81, while all other 2015 e-books on the site had an average price of $4.95, according to industry researcher Codex Group LLC.

“Since book buyers expect the price of a Kindle e-book to be well under $9, once you get to over $10 consumers start to say, ‘Let me think about that,’” said Codex CEO Peter Hildick-Smith.”

If you noticed by the infograph created by the newspaper, you really see no difference in pricing between an e-book and a hardcover:

This is why my purchasing of ebooks has decreased. There really isn’t that much of a difference. You might as well buy the hard copy.

Publishers fought so hard for the right to set e-book prices. They won but I can’t help but think they ended up being the losers in the situation.

As publishers game out e-book pricing, the stakes are high for authors and agents. “I want my clients’ books to be sold for as high a value as possible, but the important word is sold,” said Richard Pine, an agent at Inkwell Management.”

To read the full article, you can find it here.

Weekly Tea Discussion: Can I Have An E-Book With That Book Please?

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When you order a hamburger, you most likely like get fries on the side because I don’t about you, but a hamburger feels a little incomplete without the fried. When you go to the Olive Garden, you get an endless supply of breadsticks and salad on top of the entrée you ordered. If I haven’t made you hungry and you’re still with me , in some cases we always expect something on the side or combined with your main order. It has always worked with food and in restaurants…

Can the same be applied with e-books?

When e-books first arrived, I don’t think people imagined how quickly it would catch on. Although there is a decrease in sales, e-books are still very popular. Phone reading (reading e-books on your phone) is also on the rise. Digital reading is the future.

But as much as you enjoy reading from e-books, there is no other feeling like feeling real pages through your fingers or the great smell of a new book. So you love both e-books and physical books but you can’t have both…or can you? Wouldn’t be great to have the best of both worlds? And that is what I want to discuss this week: should we get an e-book with a physical book purchase? Continue reading “Weekly Tea Discussion: Can I Have An E-Book With That Book Please?”

Amazon to Pay Kindle Authors Only for Pages Read

Online retail giant Amazon.com CEO Jeff Bezos
Credit: Telegraph.co.uk

Amazon announced today that starting July 1, self-published authors will be paid in royalties based on the amount of pages a Kindle reads, instead of the amount of times the books has been downloaded. This means if a reader abandons the book halfway through, the writer will only receive a quarter amount of royalties compared to the full amount they would receive if the reader decide to finish reading the book. As reported by the Telegraph: Continue reading “Amazon to Pay Kindle Authors Only for Pages Read”

Weekly Tea Discussion: Print vs. E-Books

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It’s the age-old question that many of us book lovers have faced in the 21st century: which do you prefer, print books or e-books? We could have this argument for weeks but let us try to narrow it down to the finer points for this week’s discussion.

When digital books start emerging, I didn’t really see the appeal of them. I mean, I have been reading print books all my life, why change a good thing? I even worked in Barnes and Noble at e-books popularity and still didn’t feel it was right for me. Continue reading “Weekly Tea Discussion: Print vs. E-Books”

President Obama Announces E-Book Initiative For Low Income

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Well, this is the step in the right direction. The federal government attempting to take an interest in children’s literacy, especially for low income children.

At a visit to Washington, DC’s Anacostia Neighborhood Library on April 30, President Barack Obama announced two new initiatives that promise to rally America’s libraries, publishers, and nonprofit organizations to strengthen learning opportunities for all children, particularly in low-income communities. The plan, dubbed the ConnectED Library Challenge, will engage civic leaders, libraries, and schools to work together to ensure that all school students receive public library cards. Commitments from 30 library systems are already in place.

As part of an effort to provide broad access to digital content, the Open eBooks Initiative has secured a promise from the “Big Five” publishers and a number of independent presses to provide $250 million in free ebooks to low-income students. Some 10,000 popular titles will be made available over the next three years, and libraries have joined forces with nonprofits to create an app to deliver the content, as well as material from the public domain.”

It’s just too bad they are not doing this with print books. But any free book given to a child is still positive thing in my eyes.

If you would like to read the rest of the LibraryJournal, you can find it here.

Reading in America | Visual.ly

Found this originally on Pinterest

Reading in America | Visual.ly.

Reading in America Infographic