I read a really interesting article in The Huffington Post. It was one person's (John B. Thompson) look into the future of publishing.
Here are his 7 trends in the future of publishing:
1. Amazon will continue to grow as a retail channel, while bricks-and-mortar booksellers (including the bookselling chains like Barnes and Noble) will find themselves squeezed further and further, leading to more bookstore closures and downsizing on the part of the chains.
2. … publishers with weak balance sheets and companies that are highly leveraged will face growing financial difficulties … leading to further consolidation in the hands of a small number of large corporations ….
3. … the decline of retail space in bookstores - the shop windows, front-of-store display tables and rows of bookshelves - and the decline of book review space in traditional print media … will make it harder for publishers to get their books noticed, … as publishers are forced to devote more and more of their marketing effort to the online environment ….
4. … income from e-books and other forms of electronic sale will become an increasingly significant part of publishers' revenues, though exactly how significant is, at this point in time, unknown - maybe 20 percent, maybe 30, maybe 50, maybe more, no one knows.
5. … as more sales shift to digital and the sales of physical books decline, the large publishing houses will face growing downward pressure on their revenues ….
6. … the infrastructure supporting the traditional book supply chain - warehouses, sales forces, etc. - will come under increasing pressure, forcing publishers to scale back their operations ….
7. … small publishing operations and innovative start-ups will proliferate, as the costs and complexities associated with the book supply chain diminish ….
Tell us what you think. Then link over and read the full article.
1 month ago