UK publishers’ revenues flat in 2014
In the UK, the Publisher’s Association (PA) Statistics Yearbook has found publishers’ annual sales totalled £4.3bn (A$8.4bn) in 2014, the same as in 2013, reports the Bookseller. The figure combines publishers’ revenues from physical and digital sales, as well as income from journals. Physical book sales dropped five percent on the previous year to £2.7bn (A$5.3bn) in 2014, while digital book sales rose 11% to £563m (A$1.1bn). Combined revenue from physical and digital book sales dropped two percent overall, continuing a trend set in 2013 when overall sales dropped three percent on the previous year. The statistics show a lower rise in overall ebook sales than the 15.3% lift in volume previously reported to the Bookseller by the top five publishers. PA chief executive Richard Mollet said the overall picture was ‘steady as she goes’. ‘There is very little growth in the UK economy so for publishing to be on 0% [overall] is in keeping with a still very fragile economy,’ said Mollet.
Category: International news