Blog Archive: September 2014

Dramatic Change in the Book Publishing Industry

Sep 8, 2014

By Fredric Price

The book industry is in a period of significant change, brought about in great part by the following set of occurrences in recent years:

  • the rise of as a disruptive influence on book distribution, promotion, and pricing;
  • the introduction of e-readers that have altered the way that books are purchased, promoted and read;
  • the consolidation of traditional publishers through mergers that has set a premium on big brands (i.e., authors) that can generate large and repetitive market shares;
  • the advent of new social media tools (e.g., Twitter, Facebook, Linked In, Google +, Pinterest, Digg, Tumblr, StumbleUpon, Reddit, etc. and especially those tools aimed expressly at the book industry, including Goodreads, Shelfari and LibraryThing) that are not part of the lexicon for many readers and marketers;
  • the use of electronic tools that enable self-publishing;
  • and the general decline in reading over the last few decades due to a myriad of other entertainment activities now available through multiple portable platforms.