The shake-ups that have characterised the book publishing and selling sectors for the last few years continue. This week brought interesting news for Australians from Amazon and Book Depository and a cautionary tale from the UK.
In the UK, The Independent quoted research from accountancy firm Moore Stephens saying that publisher insolvencies in the UK rose 58% over the past year. In the 2014-2015 financial year, 128 UK publishers went out of business. In 2013-2014 year, 81 publishers went out of business. They are mostly smaller publishers. Moore Stephens restructuring and insolvency partner David Elliott said, ‘The fall in the value of sales for physical books is larger than the growth of ebooks, and this is a worrying trend for publishers that are still dependent on paper (books) for their profits,’ said Moore.
We have seen a number of ebook only publishers go insolvent this year so in my opinion it…
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