From Greenwich Time:
The e-book industry was expected to topple the printing industry in much the same way the Internet has revolutionized print news — quickly and with little mercy.
And for a while it seemed like that would be the case, but a slew of new data from 2015 indicates that is far from reality as the e-book industry is trending downward and print sales are enjoying a resurgence.
According to Forbes, the global e-book industry generated $8.4 billion in revenue in 2013, compared to $53.9 billion in global print revenue. In 2014, e-book sales plateaued and in 2015 declined across the board.Among the reasons attributed to the decline in e-book sales are a reduction in the number of first-time e-reader purchasers — many people already have one — and an increase in the price of e-books. The five major publishers — Penguin/Random House, Macmillan, Simon and Schuster, Harper Collins and Hachette — have implemented a new pricing mechanism, increasing the cost of many e-books from $9.99 to $14.99.
Barbara Ormerod-Glynn, director at the Greenwich Library, said one reason sales could be on the decline is that checking out e-books from the library has become so much easier in recent years. Greenwich Library uses the Overdrive digital library, implemented by public libraries across the country, to allow users to download library books directly to their e-readers. The library even hosted a workshop Wednesday to help people who received e-readers as holiday gifts learn how to use them and check out books through the Overdrive system.
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“Use of e-books in our library have continued to increase and the reason that people use e-books and why they’re becoming more popular is, first of all, you can access them from our downloadable library 24/7,” Ormerod-Glynn said. “The library does not have to be open for you to put a hold on or check out an e-book. Also e-books were first introduced to the market, it was easier to download from Amazon than from the library. But Overdrive has really improved access and library staff at reference desks are comfortable helping our patrons no matter what device they bring in.”
Link to the rest at Greenwich Time