By Paul Biba teleread.orgWell, it looks as if the rationale for TeleRead’s existence is still extant. Ebook sales are just continuing to increase. Here’s the info I got by email from Michael Smith of the IDPF this afternoon: Continue reading
The Copyright Clearance Center is sponsoring a webinar on April 14th called, The Authors Guild, AAP, Google Settlement: What Authors & Publishers Need to Know as May 5th Approaches. More info here.
Tuesday, April 14, 2009 12:00 pm
Eastern Daylight Time (GMT -04:00, New York)
Tuesday, April 14, 2009 5:00 pm
GMT Daylight Time (GMT +01:00, London) Continue reading
FOR IMMEDIATE RELEASE Contact: Michael Smith Executive Director International Digital Publishing Forum 905-235-4373 email@example.com
Digital Book 2009: An eBook Stimulus Plan for Publishing
NYC Conference to focus on booming eBook business and winning commercial models
New York, NY April 06, 2009: The Association of American Publishers (AAP) reported last week that eBook sales represent the fastest growing segment of the industry while US book sales are in decline across all major book publishing markets. To promote eBook commercial success for booksellers, publishers, authors, and distributors the International Digital Publishing Forum (www.IDPF.org) will host its annual spring educational seminar on Tuesday, May 12, 2009 at the McGraw-Hill Auditorium in New York City. Added to this fast-paced “best practices” conference will be a half-day workshop to be held on the afternoon of Monday, May 11, 2009. Please see www.idpf.org/digitalbook09
Forwarding a post from teleread.org
By Paul Biba
That is according to the Association of American Publishers. Here is their press release (emphasis added by the Editor):
The Association of American Publishers (AAP) today released its annual estimate of total book sales in the United States. The report, which uses data from the Bureau of the Census as well as sales data from eighty-one publishers inclusive of all major book publishing media market holders, estimates that U.S. publishers had net sales of $24.3 billion in 2008, down from $25.0 billion in 2007, representing a 2.8% decrease. In the last six years the industry had a compound annual growth rate (CAGR) of 1.6%.
Trade sales of adult and juvenile books fell 5.2 percent from 2007 to $8.1 billion, CAGR fell to 2.1 percent. Growth was found in paperbound books for children and adults, with growth rates of 6.4% and 3.6% respectively. Sales in the hardcover fell 12.4% in children’s hardcover and 13% in adult hardcover.
Over the period covered by the estimated data, the CAGR for hardbound books was 0.4% for adult books and 1.5% for juvenile. Paperbound books grew 3.9% and 2.8% over the 6 years.
Educational titles had a mixed year. Sales in the Elementary (El-Hi) category, those books produced for K-12 education, fell 4.4% to $6.1 billion in 2008, CAGR for this category was 0.8%. The Higher Education category, which includes sales of college textbooks, fared better. Total sales reached $3.8 billion this year up 2.7% on 2007. This brought the CAGR for college textbooks to 3.8%
Mass Market paperbacks decreased 3.0% and brought the category CAGR to -1.9%. Total sales were $1.1 billion in 2008. Book clubs and mail-order fell for the sixth year to $600 million, a fall of 3.4%.
Audio book sales for 2008 totaled $172 million, down 21% on the prior year, CAGR for this category is still healthy at 3.1%. E-books continue to grow significantly, sales reached $113 million in 2008, up 68.4%.
Religious book sales dropped 7.6% to $724m in 2008. However over the period of the estimate it has still performed well with CAGR of 4.5%.
A complete list of the preliminary estimated book publishing industry net sales for 2008 prepared by Management Practice, Inc. is available here.
Mark Coker is founder of Smashwords and Dovetail Public Relations, as well as moderator of a February 10 panel at Tools of Change on “The Rise of E-Book.” See a San Jose Mercury News Q & A on Smashwords (a publisher for independent writers), which recently signed a Stanza-related distribution deal. – D.R.
The IDPF says e-book sales were up 108 percent for the month of November 2008 compared to the same period a year ago. The data is provided in conjunction with surveys conducted by the American Association of Publishers, and represents wholesale sales from only 13 U.S.-based e-book publishers, so total reported sales figures understate actual sales.
Dig beneath the surface, and the numbers are striking. E-book sales are surging while the entire trade book industry suffers a decline. Are print sales suffering at the hands of e-book sales? Unlikely. Something else is happening.
For the five years between 2002 and 2007 (click here for data; opens a PDF), overall trade book sales averaged an annual increase of 2.5 percent. That’s lower than inflation, which means unit sales probably decreased.
By contrast, e-books for the same period turned in a 55.7 percent average annualized increase in sales revenue.
Tiny base—but still an accelerating growth rate
Granted, the robust sales growth for e-books was off of a tiny base to begin with. But fast forward to October of 2008, the date for which year-to-date sales are reported on the AAP web site , and you see overall trade book sales for the first 9 months of the year were down 3.4 percent while e-book sales were up about 58 percent. So the rate of e-book sales accelerated during the first 9 months of 2008 compared to the previous five years.
More interesting, for the month of October the AAP reported overall trade book sales suffered a 20 percent drop in the year over year monthly comparison, while e-book sales accelerated to 73 percent growth.
Numbers for November and December aren’t yet published on the AAP site, though today’s numbers from the IDPF, which are supplied by the AAP, indicated that e-book sales have accelerated yet again, up 108 percent for November.
As any numbers guy or gal will tell you, it’s easy to show great sales growth when you’re growing off of a small base. But when sales show sequential acceleration off of sequentially increasing bases (meaning, you grow faster as you grow larger), then something really interesting is taking place.
If we conservatively estimate that overall trade sales for 2008 declined 3 percent, and e-books sales increased 70 percent, then wholesale e-book sales will rise to $114 million and overall trade book sales will decline to $24.21 billion. In other words, e-books will still only represent 1/2 of 1 percent of book industry sales, at least here in the US.
If you extrapolate the 70 percent growth for five more years (and I would argue that 70 percent is a relatively conservative number), then e-books rise to $1.6 billion, and assuming a 2 percent growth rate of the overall trade book sales to $26.7 billion (generous), e-books would then represent a respectable 6 percent of sales.
If you’re attending the Tools of Change conference February 9-11, I invite you to attend a panel I’m moderating entitled, “The Rise of E-Books,” where we’ll explore the past, present and future of e-books and try to understand the implications of these numbers for publishers and authors alike.
In the meantime, if you’re an author, you need to start exposing your books to the digital realm. Clearly, as the numbers above indicate, you should continue to publish in print because e-book sales will account for only a small percentage of your overall sales. In the years ahead, however, e-books will become an increasingly important format for book consumption.
AAP reports eBook sales jumped 77.8% to 5.1 million for September year to date. However, overall book sales decreased. Details of other categories below:
AAP Book Sales: Declines for September, Year-to-Date
In September, net sales decreased 2% to $1.062 billion for 80 publishers that reported to the Association of American Publishers. Net sales for the year through September have fallen 1.5% to $7.718 billion.
E-books jumped 77.8% to $5.1 million.
Children’s/YA hardcover increased 41.9% to $119.8 million.
Higher education rose 18.4% to $338.2 million.
Professional and scholarly edged up 6.8% to $60.5 million.
University press paperbacks gained 4.4% to $6.5 million.
Adult hardcover fell 29.8% to $173.3 million.
Children’s/YA paperback declined 19.1% to $51.5 million.
El-Hi dropped 17.6% to $325.1 million.
Audiobooks decreased 12.3% to $18.7 million.
Religious books fell 11.8% to $76.8 million.
Adult paperback decreased 8.6% to $134.7 million.
Adult mass market dropped 8.3% to $67.4 million.
University press hardcovers slid 3.6% to $6.3 million.
.epub – an XML file extension for “reflowable” digital books and publications received a support letter from the AAP – Association of American Publishers at the Digital Book Conference on May 14th. Check the IDPF website for the support letter and more information on ebook standards.
Book Sales Increase at Year’s End
February 13, 2008, New York, NY:
Sales of University Press Hardcover books were up by 3.3 percent in December with sales of $6.8 million; sales were also up by 8.1 percent for the year. University Press Paperback sales posted an increase of 0.6 percent for the month with sales totaling $10.1 million; sales were up 3.2 percent for the year. Sales in the Professional and Scholarly category were down by 12.4 percent in December ($99.0 million); however sales were up 2.9 percent for the year.
The Association of American Publishers is the national trade association of the U.S. book publishing industry. AAP’s more than 300 members include most of the major commercial publishers in the United States, as well as smaller and non-profit publishers, university presses and scholarly societies—small and large. AAP members publish hardcover and paperback books in every field, educational materials for the elementary, secondary, postsecondary, and professional markets, scholarly journals, computer software, and electronic products and services. The protection of intellectual property rights in all media, the defense of the freedom to read and the freedom to publish at home and abroad, and the promotion of reading and literacy are among the Association’s highest priorities.
NOTE: All sales figures cited in this release are domestic net sales