From The Bookseller:
More of the high street bookshops revival, continued popularity for the vloggers, strength in children’s and audio, and a renewed emphasis on diversity in the publishing workforce, are among the predictions for 2016 from the trade’s leading figures.
In The Bookseller’s annual round-up of industry predictions, Penguin Random House UK c.e.o. Tom Weldon [pictured] thinks: “One of the biggest challenges in 2016 will be e-book pricing: how do we maintain the value perception of our quality content and maximise revenues across all formats for both authors and publishers?” Meanwhile for Tim Hely Hutchinson, c.e.o. of Hachette UK, “we must have the imagination to see that our future goes beyond a print up/e-book down analysis. The real job ahead of all of us is to ensure that we compete with all forms of digital media.”
At HarperCollins, UK c.e.o. Charlie Redmayne thinks: “We should expect business models and publishing mind-sets to further adapt and change in 2016. Amazon’s growth into new business models such as Kindle Unlimited will continue apace and it will push even harder to put its publishing and new businesses front and centre, often to the exclusion of traditional publishers’ books.”
. . . .
Penguin Random House Children’s m.d. Francesca Dow says there is “plenty of entrepreneurial opportunity for publishers in the market. The competition to capture the attention of kids on their smartphones has never been more intense; and YouTube and other online direct to consumer content is probably here to stay.”
Pan Macmillan m.d. Anthony Forbes Watson predicts that publishers will start to target the “empty midnight hours” as their next sales opportunity, while Profile m.d. Andrew Franklin opines: “I predict that the last adult colouring book will be sold on February 29th 2016. On 1st March mountains of unsold colouring books will be returned from bookshops and wholesalers all over the country for pulping.”
Link to the rest at The Bookseller