In Timothy Egan’s New York Times piece last week, he wrote about the reading renaissance that’s followed the rise of the eBook:
There are two big questions about the future of books and technology. One is: are people reading more and, by implication, buying more books? The answer is yes. In their annual report last August, the Association of American Publishers reported that overall revenues, and number of books sold in all formats, were up sizably in three years since 2008. Without e-books, the numbers would have been flat, or declined.
One-fifth of all American adults reported reading an e-book in the past year, according to an optimistic report from the Pew Center. And those digital consumers read far more books on average — about 24 a year — than the dead-tree consumers.
Another surprise: e-book readers also buy lots of paper books. The buyers of digital tomes “read more books in all formats,” Pew reported. By 2025, e-books will be 75 percent of total books sold, in Pew’s forecast. I know it’s hard for publishing to accept, but this is good news, given the voracious buying habits of the e-book reader.
Read the full article here.
Photo from Discover Magazine’s The Loom.