E-books continued their surge in 2011, surpassing hardcover books and paperbacks to become the dominant format for adult fiction last year, according to a new survey of publishers released Wednesday.
Publishers’ net revenue from sales of e-books more than doubled last year, reaching $2.07 billion, up from $869 million in 2010. E-books accounted for 15.5 percent of publishers’ revenues. But as digital revenue grew, print sales suffered, dropping to $11.1 billion in 2011 from $12.1 billion in 2010.
The annual survey, known as BookStats, includes data from nearly 2,000 publishers of all sizes. It was conducted by two trade groups, the Book Industry Study Group and the Association of American Publishers.
Read more here
