Hachette has just released financials for the first six months of 2017 and they have proclaimed that e-books accounted for 8% of global revenue. The United States continues to be the biggest market for the publisher, digital generated 21% of the publishers revenue stream.
In the first six months of 2017 Hachette said that the e-book market is plateauing. The United States saw an increase of 1%. Meanwhile the UK, Australia and New Zealand e-book sales increased by 5% and garnered a measly £27.2 million. Hachette said in an investors presentation that they are bullish about France and Spain as being key markets for e-books.
Overall revenue for Hachette rose 5.4% in the first half and the publisher made over €1 billion. In France, where the market was affected by the electoral climate, business retreated 3.1%. The rise in returns was only partially offset by a resilient performance from General Literature which enjoyed success, for example with Virginie Despentes’ Vernon Subutex 3 and Laetitia Colombani’s La Tresse.
Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the past ten years. His articles have been picked up by major and local news sources and websites such as the CNET, Engadget, Huffington Post and Verge.