The number of e-books sold last year grew by 43 percent, but that's a fairly small increase compared to the triple-digit increases of past years.
A ruling on John Wiley & Sons Inc. v. Kirtsaeng – a case expected to come before the Supreme Court early next year – could make it illegal for non-profits and businesses to resell copyrighted works produced abroad.
Publishers can now decide whether Google can digitize out-of-print books still protected by copyright, but does not settle the issue of individual author rights.
BookStats, an annual survey that tracks the American publishing industry, finds that, contrary to doomsday predictions, bookstores and paper-and-ink books are still in demand.
Using data from almost 2,000 publishers, the Association of American Publishers reports that e-books have outsold hardcovers for the first time.
At the same time, sales of hardcover and paperback books continue to drop.
Borders bankruptcy may not be a good sign for brick-and-mortar businesses, but the outlook for the written word is still good, some say. The Borders bankruptcy became official on Wednesday.
As Borders stumbles, dramatic declines are predicted for bricks-and-mortar bookstores.
Faced with stiff competition from online book retailers like Amazon, plus the proliferation of e-books designed for devices like the Amazon Kindle and Apple’s iPad, Borders faces bankruptcy.