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U.S. Book Publishers’ Online Revenue Now Exceeds Traditional Retail Revenue

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Brick-and-mortar book stores have clearly been on the decline for a while — just look at Barnes & Noble’s rocky finances. However, there’s now some tangible evidence that the pendulum has swung in favor of internet-based sales. BookStats estimates that US publishers made more money from online orders and e-books in 2013 ($7.54 billion) than they did from old-fashioned physical retail ($7.12 billion). While the difference isn’t huge, it suggests that a large chunk of the American population is content with buying books that it hasn’t seen in person. There is a bit of a dark cloud to this silver lining, at least for the booksellers. BookStats notes that e-book sales jumped about 10 percent to 512.7 million copies, but revenue was flat between 2012 and 2013; it may have been lower prices that triggered a surge in demand, not a renewed interest in going digital.

Read the full story at Engadget and the original BookStats press release.

Read the original blog entry...

More Stories By Shelly Palmer

Shelly Palmer is the host of Fox Television’s "Shelly Palmer Digital Living" television show about living and working in a digital world. He is Fox 5′s (WNYW-TV New York) Tech Expert and the host of United Stations Radio Network’s, MediaBytes, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment.