Publishing News [Global]

Amazon India, an online portal, has recently launched a dedicated Telugu book store with over 10,000 titles in Telugu language, from different genres like classics, literature, fiction, biographies, business and finance, self-help, cook books and children’s books. Amazon India offers books in seven other Indian languages like Hindi, Tamil, Kannada, Marathi, Malayalam, Gujarati and Bengali.

Technavio analysts forecast the global publishing market to reach USD 358 billion by 2020, according to their latest report. The research study covers the present scenario and growth prospects of the global publishing market for 2016-2020.

“The global publishing market will benefit from the digitization of consumer books. E-book technologies will increase the awareness of titles and stimulate book sales, while new portable e-reading services will boost electronic book sales in selected countries such as Japan, the US, and the UK,” says Ujjwal Doshi, a lead analyst at Technavio for publishing and advertising research.

It also says that e-commerce is growing by leaps and bounds. In 2015, the revenue generated by the global e-commerce market was USD 1.8 trillion, which is likely to increase to USD 4.6 trillion, growing at a CAGR of close to 21% during the forecast period.

In 2015, 55% of the consumers preferred to purchase books through e-commerce. This is mainly because of the growing reach of the e-commerce vendors. Other reasons for the increasing adoption of e-commerce for buying books are easy payment options, prompt delivery, and hassle-free return policy, which also increases the credibility of the e-commerce vendors. A few popular e-commerce vendors offering books are eBay, Amazon, Walmart, and Alibaba.

Effective April 2017, IDW Publishing, a subsidiary of IDW Media Holdings, has entered into a multi-year book sales and distribution partnership with Penguin Random House Publisher Services (PRHPS) exclusively for the trade bookstore market.

While, Diamond Comics Distributors will continue to sell and distribute graphic novels and comics exclusively to the comic book specialty market. Diamond will also continue to handle distribution of graphic novels, books, and other merchandise to the mass market in the UK.

For all those who think books and bookstores are on decline, would be glad to know that Amazon is all set to open up another physical bookstore in Chicago in 2017.

On November 15, 2016, The Publishers Association and London Book Fair (LBF) will organise a day-long conference on Building Inclusivity in Publishing, which will focus on how valuing diversity is essential for a successful publishing industry. Attendees will be encouraged to consider how they interact with every point of the publishing ecosystem to ensure equal representation in our industry, from authors right through to the consumer. The day will challenge ideas about who our audience is, and how we speak to them, asking attendees what they can be doing better by providing positive examples and personal experiences.