Posts Tagged ‘Association of American Publishers’

The Future is Now…No, Wait a Minute…Not Yet

August 21, 2011

For the last 12 years, there has been so much buzz about internet bookselling in general and Amazon.com in specific that you would think  community-based bookselling (bricks and mortar) was dead. At the cocktail parties in Berkeley and Silicon Valley, when the conversation turns to books, the subject seems to be: Amazon, Amazon, Amazon, and Amazon.  The demise of Border’s this year and the ongoing decline of independent bookselling that has been talked to death in the media would tend to confirm this opinion. The conventional wisdom seems to be that a revolution has occurred in retail and that the vast majority of books are now purchased on-line.

 
Similarly in the last two years book lovers inside and outside the industry have been talking, almost exclusively, about the rise of e-books. E-book gurus and digital cheerleaders would lead us to believe that the 500 year Gutenberg era has ended and that print on paper books are dead.

 
A few weeks ago I did a blog post about the first report of Bookstats, the new statistical survey commissioned by the Association of American Publishers. Before Bookstats, book industry statistics were pretty sketchy and generally limited to a few top publisher members of AAP. The new Bookstats report was based on sales from 1963 companies with a combined sales of $15.3 billion.

 
And what we learn from these statistics is really rather astonishing. Just looking at trade book sales by channel, we learn that online sales are 14.3%.  In contrast, sales in physical retail stores (which includes, indies, chains, mass merchants and others) are 40.8%. The statistics also list sales to jobbers and wholesalers (who in turn sell books to retailers, mostly physical store retailers) as 30.1%. These figures tell us that online bookselling has a long way to go before it catches up with bookselling in the physical world.

 
That said, it should be noted that sales at retail bookstores declined 7.8% between 2009 and 2010, while online sales have increased 46.1%. So we see that  changes are afoot and the future will likely be quite different. Looking at the rise of e-books, we see a similar disconnect between the statistics and the conventional wisdom.  The report shows that e-book sales in 2010 were only 6.2% of market share. But again we learn that while almost all physical book formats have declined between 2009 and 2010, e-books grew by 201%. The figures show that the future is not yet…but maybe soon.

 
The statistics don’t include sales of self-published titles, either in paper or e-book format. Again the gurus have announced the end of “legacy publishing”. They tell us that the great commercial publishers are dinosaurs from another era and are collapsing as we speak. In fact the number of self published titles has grown in the millions, and self-published e-book downloads are growing at an astounding rate. It is not clear exactly what the market share of self-published books is. We do know that most of these titles sell in the hundreds or even less. In today’s New York Times Bestseller List of the 30 bestselling books combined in all formats, none are self-published. Of the 50 bestselling books in the ebook format only 4 are self published.

 
It would seem that the death of commercial publishing, paper based books, and physical bookstores  has been greatly exaggerated.

 

 

More Book Publishing by the Numbers

August 9, 2011

The Association of American Publishers came out with its first report from Bookstats  today. It is the new method adopted by the book industry to analyze its sales. The previous methods were so flawed in methodology that no one in the industry took them very seriously. We hope that the statistics being offered by this  new methodology are more robust. There is a good analysis of the new numbers in Publishers Marketplace    today.

The new statistics show that trade publishing grew modestly between 2008-2010, about 4.5% in units. Both adult fiction and non-fiction grew 3.5%. Juveniles fared better with a growth of 7.1%.

 The analysis in Publishers Marketplace was considerably less positive. In removing the category of religious books from the equation (a category where there was considerable growth), the remainder of trade publishing declined slightly, even considering the exponential growth of e-books.

 The statistics on e-books themselves were surprising. With all the buzz about them, and with the constant drumbeat  by publishers, media commentators and gurus, one would think that book publishing had been hijacked by this new format. Previous AAP estimates were showing e-book sales of 20%. I spoke with a number of editors at the large trade publishers who told me that their own sales in e-books were reaching 20% or even higher in some months. The new figures from Bookstats tell a different story. They show e-book sales growing from an infinitesimal  .6% in 2008 to 6.4% in 2010. Clearly e-book sales from the smaller publishers are considerably less than the majors. The statistics do not include self-published e-books which now number in the tens of millions. Still the growth in e-book sales is continuing unabated. The future seems to belong to them.

Kindle Sales Are Soaring

July 20, 2010

According to Amazon.com, the Kindle edition e-books  have outsold hardbacks  for the last 3 months.   During this period Amazon said it sold 143 Kindle edition books for every 100 hardbacks. These figures don’t include the hundreds of thousands of public domain kindle downloads that are given away for free.

This is a pretty impressive figure and is indicative of the meteoric increase in e-book sales. The Association of American Publishers has stated that e-book sales are up 400% through May  over same period last year.

There appears to be a little spin going on.  Amazon’s earnings  are due out this week, so the company is putting  forward an optimistic report. What isn’t mentioned is the number of Kindle editions sold relative to sales of paperbacks.  One can only assume that paperbacks continue to outsell the e-books. But one must still be impressed about the growth of e-book sales.

On another note, there is an extremely thought-provoking article   in The Nation by Colin Robinson, co-founder of the progressive publisher OR Books   Robinson argues that the vast selection of books on Amazon has the paradoxical effect of reducing choice. He cites the book, The Paradox of Choice, by Barry Schwartz which argues that when consumers are faced with too much choice they tend to fall back on what is safe and what is being highly promoted. Robinson believes that this, in part, is what is causing publishers to abandon the mid-list books to focus on the siren song of the blockbuster bestseller. Robinson has been a major figure in progressive publishing, first as publisher of Verso Books and then New Press. His new venture, OR Books, is one of the few publishers that does not sell through Amazon. This article is worth thinking about.