Digital book sales in the United States was up 1.6% as compared to 2023 for a total of $1.0 billion. Digital audiobook sales was up 23.8%, coming in at $1.1 billion in revenue. Physical Audio was down 37.4% coming in at $8.7 million. Year-To-Date Trade revenues were up 6.0%, at $9.5 billion on a year-to-date basis. Hardback revenues were up 6.8%, coming in at $3.5 billion; … [Read more...] about US ebook revenue increased by 1.6% in 2024
Business News and Statistics
New York Times added 1.1 million digital subscribers in 2024
The New York Times added over 1.1 million digital subscribers in 2024, including 350,000 in the last three months alone. This includes the flagship newspaper and its other properties, such as the Wirecutter product review site and The Athletic, a sports news site. Subscription revenues from digital-only products jumped 16% to $334.9 million, for a total revenue of $466.6 … [Read more...] about New York Times added 1.1 million digital subscribers in 2024
Chinese e-readers will take longer to ship and get delivered
Many companies sell e-readers that ship to the US from Hong Kong or mainland China. Packages are usually delivered to the customer via the United States Postal Service or handed off to them. It might take longer for you to receive anything you order from a Chinese retailer or e-commerce platform such as Aliexpress, JD, Shein, or Temu. The US Postal Service says it has suspended … [Read more...] about Chinese e-readers will take longer to ship and get delivered
Netgalley switches from Adobe Digital Editions to LCP
Netgalley is a company that specializes in providing early access to books that have yet to be released. Publishers provide them with ARC e-books and audiobooks in exchange for reviews that can be used for marketing purposes. For a long time, Netgalley used Adobe Digital Editions as a form of Digital Rights Management (DRM). However, they just announced that they no longer use … [Read more...] about Netgalley switches from Adobe Digital Editions to LCP
Bookshop.org launches e-book store in the US to monetize indie bookstores
Independent bookstores can only sell what is on the physical shelves. Hardly any bookstore has a website where customers can place orders and have them shipped out. Digital books are easy to buy, but if you don't want to deal with Amazon, Google, or Kobo, there aren't many alternatives. Bookshop.org has just launched an e-book section of their website, and their entire business … [Read more...] about Bookshop.org launches e-book store in the US to monetize indie bookstores
E-book revenue increased by 2.7% in November 2024
Digital book sales in the United States saw a 2.7% gain during November 2024, generating $83.3 million dollars. Year-to-date, e-book revenues were up 2.9% compared to the first eleven months of 2024, which was $945.1 million. Digital audiobook sales were up 16.1% for November, reaching $94.3 million in revenue. Physical Audio was down 29.1%, coming in at $800 thousand. … [Read more...] about E-book revenue increased by 2.7% in November 2024
Everand releases State of Reading Report
Everand is an online audiobook and e-book subscription service by the company Scribd, Inc. They have just released their State of Reading Report. There were several key findings: Half of the respondents report reading more this year, with stress relief and relaxation cited as key drivers. While 14% of readers prefer only physical books, most enjoy a mix of e-books, audiobooks, … [Read more...] about Everand releases State of Reading Report
Digital Audiobooks Sales Increased by 18.7% in October 2024
US digital audiobooks continued to grow all year. In October 2024, the format increased by 18.7%, bringing in $86.5 million in revenue. Physical Audio was down 54.2%, bringing in $800 thousand. Digital audiobook sales were up 26.1% yearly, reaching $883.4 million in revenue. Physical Audio was down 36.2%, generating $7.4 million. E-book sales in the United States had a rare … [Read more...] about Digital Audiobooks Sales Increased by 18.7% in October 2024
Half of all US Adults get their news from Social Media
US adults are increasingly ditching newspaper subscriptions and getting daily news from social media. Pew Research found that just over half (54%) say they at least sometimes get news from social media, up slightly from the last few years. Facebook and YouTube outpace all other social media sites where Americans regularly get news. About a third of US adults say they regularly … [Read more...] about Half of all US Adults get their news from Social Media