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Book Publishing Stats

SF/BoingBoing author Cory Doctorow talks a bit about the state of the publishing industry based on same statistics from the Book Industry Study Group.

The number of books sold dropped by nearly 44 million from 2003 to 2004, even as the annual number of books published approaches 175,000.

”People are reading less, so what you’re seeing is the same phenomenon that has hit magazines and newspapers, a massive shift toward home video, DVD, internet and cable,” said Albert N. Greco, an industry consultant and a professor of business at the graduate school of Fordham University.

The Book Industry Study Group, a nonprofit research organization, reported estimated sales of 2.295 billion books in 2004, compared to an estimated 2.339 billion the previous year. Higher prices enabled net revenues to increase 2.8 percent, to $28.6 billion, but also drove many readers, especially students, to buy used books, Greco said.

About John DeNardo (13013 Articles)
John DeNardo is the Managing Editor at SF Signal and a columnist at Kirkus Reviews. He also likes bagels. So there.
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