Atleast, that’s what the Book Industry Study Group, a nonprofit organization supported by the publishing industry, all but predicted with the release of its projections for the industry, which include a paltry 3 percent to 4 percent growth through 2011, when revenues should top $43 billion. CNN reported that the BISG expects little change in the actual number of books sold and sees a drop in the general trade market by more than 60 million, from 2.282 billion copies in 2007 to 2.220 billion in 2011.
In other words, no more Potter means no more huge sales.
One expert claimed that the children’s market will barely break even. Modest gains are projected in most adult categories, and the biggest losers likely will be mass market paperbacks, which continue to plunge as baby boomers seek formats with larger print, while religious books should keep growing, by more than 5 percent annually. (If ever there was a time people were looking for faith…)
For more on their report, go here. Otherwise, ignore and write on.
