From The Digital Reader:
Is anyone in the mood for poetic justice?
Then you’ll be pleased with the latest announcement from the AAP.
On Thursday the Association of American Publishers released its latest Statshot report on revenues of the US book publishing industry.
Trade book sales for the 1,200 odd publishers who submit their data to the AAP were up 3.4% for the month of April, but still down 4.5% for the year.
Paperback and audiobook revenues increased the most in April 2016 (21.5% and 20.4%), respectively) while sales of hardback books were up 2.6%. eBook revenues were down 22% for the month of April.
For the first four months of the year, ebook and hardback revenues were down (21.7% and 5.2%), while paperback revenues were up 9.9% and audiobook sales were up 31.4%.
In other words, the Big Five are having some success in shifting ebook buyers back to print, but they are still being stymied by Amazon’s decision to drive down the price of hardback books last summer.
Link to the rest at The Digital Reader