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Originally Posted by fjtorres
People have always been doing other things than reading.
The first point was to try to blame the weather for the BPH ebook sales drop, but the weather is always an issue.
The second point was about people not spending on luxuries, except they still are.
Now you seem to think growth in other forms of entertainment can *only* come at ebook buying expense. If that is your persistent point I'll have to object.
The economy is growing, population is growing, ebook sales are growing.
it is *only* the Agency-priced BPH ebooks that are suffering.
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Please, don't put words in my mouth. Thank you. This is what I said.
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Reports have also said people are reading (and buying) less than ever before. There are probably multiple reasons. Time constraints, income loss, disasters, movies, gaming, texting, disinterest and death of the older reading generation.
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Not just entertainment. Although, it does stand to reason the more hours spent viewing tv and movies is less time reading. The more hours people work is less time reading, etc. There is only 24 hrs in one day.
I don't care for absolutes without specific data which we lack.
We know that ebooks sales from 1200 publishers are down 9.3%. Most of the 1200 are small/med indie presses not on Agency. Since the reported losses from the BPHs are less than 9.3 it means that the other pubs are having more significant revenue losses. We don't know the reasons.
Regarding the $200 million- that's 8 months of 50 Shades' sales. We didn't have one of those recently. Speaking of which has PRH released any numbers? The have Grey and the latest Dr Seuss. Last year PRH had major sales increases and profits to the point where all US employees received a bonus. The year end report said they sold 100 million digital books in 2014. I think they're fine.
I agree with those that said Overdrive/library is having an effect. The paperback buyers are switching to low cost ebooks, maybe KU. Price reductions from the BPH. The #1 bestseller is a Penguin book for $6.99. Perhaps, that is the sweet spot and they will experiment with that. Plus, all the factors I previously stated.
Personally, I am reading and buying less than previous years, 41 books down to 25. I now spend more on movies and tv shows than ebooks. I guess I'm contributing to ebook losses but adding to Netflix's record revenue/profits.