This post is about the state of book publishing. Whether you’ve gotten a book published or if you’re looking to get one published, here are some highlights:
- $5.25 billion: Amazon’s current annual revenue from book sales, according to one of Packer’s sources. That means books account for 7% of the company’s $75 billion in total yearly revenue.
- 19.5%: The proportion of all books sold in the U.S. that are Kindle titles. E-books now make up around 30% of all book sales, and Amazon has a 65% share within that category. Apple and Barnes & Nobles make up nearly all of the rest.
- >50%: The decrease in the number of independent bookstores over the past 20 years. There used to be about 4,000 in the U.S.; now there are fewer than 2,000. Amazon’s arrival on the scene is only part of the story here, of course; the decline of the indies started with the debut of big-box stores like B&N and Borders. (Forbes.com)
- E-books Still Outsold by Hardcover and Paperback E-book sales accounted for 23% of unit sales in the first six months of 2014, according to Nielsen Books & Consumer’s latest survey of the nation’s book-buying behavior. Paperback remained the most popular format in the first half of the year, with a 42% share of unit sales. Hardcover’s share of units was just ahead of e-books, accounting for 25% of unit purchases.
- The fight is over Amazon and Hachette’s feud over the price-setting of Hachette books sold on Amazon ended with Amazon winning some ground, though a look back shows it was probably a draw. In the short-term, Hachette may have held its ground, but the fact that Amazon controls so much of the book selling market means they can outlast their print and brick and mortar store competitors (if the company can keep from losing more money).
- Print isn’t dead despite the belief that someday no one will hold a paper book, there are more small indie presses than there were ten years ago.
- The top ten publishing houses of 2013:
Rank (2013) Rank (2012) Publishing Company (Group or Division) Country Mother Corporation or Owner Country of Mother Corporation 2013 Revenue in $M 2012 Revenue in $M 1 1 Pearson UK Pearson UK $9,330 $9,158 2 2 Reed Elsevier UK/NL/US Reed Elsevier UK/NL/US $7,288 $5,934 3 3 Thomson-Reuters US The Woodbridge Company Ltd. Canada $5,576 $5,386 4 4 Wolters Kluwer NL Wolters Kluwer NL $4,920 $4,766 5 5 Random House Germany Bertelsmann AG Germany $3,664 $3,328 6 6 Hachette Livre France Lagardère France $2,851 $2,833 7 10 Holtzbrinck Germany Verlagsgruppe Georg von Holtzbrinck Germany $2,222 $2,220 8 8 Grupo Planeta Spain Grupo Planeta Spain $2,161 $2,597 9 11 Cengage* US Apax Partners et al. US/Canada N/A $1,993 10 7 McGraw-Hill Education US The McGraw-Hill Companies US $1,992 $2,292
We won’t have final 2014 numbers for publishing companies for some time, but in the meantime one thing’s pretty clear: despite the consolidations in the publishing industry, smaller indies are managing and an increasing number of best-sellers are coming from self-publishers (basically, anyone not with a Big 5 contract). Even though many kids don’t read (a goal of mine I want to work on), people have not yet thrown away all the books for Angry Birds.
What do you think 2015 will hold?