The Business of Books
With the inauguration of the Emirates Airline Festival of Literature this week Kipp skim through the world of books.
March 10, 2011 9:33 by shafeer
When we say history, what we actually mean is the beginning of a digital era of literature. The evolution of the IT sector in the last decades has revolutionised book publishing and it will most likely continue to determine its future. The first e-books had to be accessed through a computer and were available in libraries for very specific academic disciplines. The boom of e-commerce in the early 2000′s saw readers gain access to these books online for a small fee—well a lot smaller a fee compared to their printed versions, considering e-books do not require to be transported, published, bound or stored in large warehouse. Although some would say nothing compares to curling up with a paperback, the trade has really taken off. In fact just last year, the annual sales of US trade e-books sold through wholesale channels increased by more than 204%, bringing the industry’s sales in America alone to $179.7 million. Of course, the rise in popularity of e-books is correlated with the rise in popularity of mobile reading devices.