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EBooks Revenue Topped Hardcovers - Is It Beginning of the Change?
EBooks Revenue Topped Hardcovers - Is It Beginning of the Change?
By: Bikram K Singh

For years proponents of eBooks have been shouting, pumping the air out of their diaphragm, and exclaiming how bright is the future of eBooks and how they soon will push physical books in the dark recesses of the dinosaurian era. This might not be the case, at least not yet, but a report, AAP Monthly StatShot, released by The Association of American Publishers has revealed that YTD eBook revenue has shot up to $282.3 billion, while hardcovers touched $229.6 billion.

The sudden rise in the acceptability of eBooks can be attributed to the proliferation of tablets, SmartPhones, and eBook readers. This would bring a smile on the faces of likes of Seth Godin, who for years has been denouncing the old analogue format books and publishers’ control thereof.

In the press release, The Association of American Publishers mentioned,” While Children’s/Young Adult physical format Hardcover and Paperback both saw strong double-digit growth (68.9% and 61.9% respectively), AAP’s first monthly data on Children’s/YA eBooks showed a massive +475.1% increase from 2011 to 2012. Some publishers have attributed this to the availability of more options for devices aimed at those demographics as well as a number of popular new releases.”

What does it mean?

Like iTunes and MP3 brought about a sea change in the music industry, eBooks and myriad eBook reading devices are going to change the publishing industry, once and for all. The tyrannical control of publishers on which book will end up in the hands of the readers and whose papers will serve as a plate for “pakodas” and fries will loosen.

The rise of eBook has opened a new market for budding writers who can now confidently walk ahead and publish his or her own book, and for that all the writer needs to have is some DTP and designing skills, as the delivery mechanism is already in place in forms of online superstores like Amazon.

For the first time in the history, writers will have the major share of earnings made from his books. If the growth trend continues, it will breed a new generation of writers’ equivalent to independent musicians, who will be in control of the creation of books, its distribution, and profits earned from it.

Another middleman is set to bite the dust. Digital technology, for one more time, seems rearing to fulfill its promise of direct interaction.