Publishers Say E-Book Sales Fell in a UK Last Year
May 15, 2016 - Kindle Unlimited
The U.K. Publishers Association has expelled a latest annual sales figures, recording a initial tumble in e-book sales (at least, those from normal publishers) in a 7 years they’ve been tracked.
E-book sales fell 1.6% from £563 million ($811 million) in 2014 to £554m in 2015. Over a same period, earthy sales rose 0.4% from £2,748 million to £2,760 million—the initial arise in earthy sales in 4 years.
“Digital continues to be an impossibly critical partial of a industry, though it would seem there stays a special place in a consumer’s heart for a cultured pleasure that printed books can bring,” pronounced Stephen Lotinga, a association’s arch executive.
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It seems there was a sole boost in earthy sales of non-fiction and anxiety books. Audiobook downloads rose by 29% year-on-year.
Lotinga told Fortune that digital was “very most here to stay,” and he did not trust a fall—which mirrored figures from a U.S.—showed ebook were “going to go into depot decline.”
“I trust it’s partial of a ubiquitous settling-down in how people select to devour literature,” he said.
So since did imitation sales go up? Lotinga put this down to dual factors: The announcement final year of blockbusters such as Harper Lee’s Go Set A Watchman and E.L. James’s Grey, and large investments from a publishers into lavishly-designed imitation books, such as a 150th anniversary book of Lewis Carroll’s Alice’s Adventures In Wonderland. 2015 also saw things like supposed adult coloring books turn popular, too.
“People wish to buy these things,” pronounced Lotinga. “It gives them cultured pleasure and they wish to buy them as gifts.”
It should also be remarkable that, during a start of 2015, a change to EU laws on a taxation combined to digital products meant e-book sellers such as Amazon
had to start levying a U.K.’s 20% VAT rate on ebooks sole in that country, rather than a 3% rate they formerly charged due to being headquartered in Luxembourg.
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But what is indeed being totalled here? After all, a Publishers Association’s total do not take comment of e-book sales by choice markets such as Amazon’s self-publishing platform.
Lotinga remarkable that this was since Amazon does not divulge a total for that platform. However, he pronounced a organisation does not trust a self-publishing marketplace is “significantly large” in comparison to a £4.4 billion marketplace described in a report.
Most successful self-published authors, such as James, pierce on to normal publishing, Lotinga said, adding, “You’d onslaught to find a domicile name who was self-publishing during a moment.”
This story was updated to embody Amazon’s statement.