Bloomsbury predicts year of the e-book

first_img PUBLISHER Bloomsbury yesterday heralded the year of the e-book as it unveiled an 18 per cent increase in electronic sales.The firm reported overall revenues of £90.7m, up four per cent year-on-year, while profits excluding one-off items rose to £8.4m from £7.7m.E-book sales now account for 10 per cent of Bloomsbury sales.Nigel Newton told City A.M.: “E-books took off in the US in 2010. The word exponential could actually be used accurately to describe their growth.“In the UK, Christmas was the time for iPads and Kindles, so in January we have seen a huge increase in sales of e-books.“I think 2011 will be the year of the e-book. This will affect us beneficially – it opens up new markets. The question of whether the e-book sales will cannibalise print sales is pertinent and nobody has any hard evidence.”The Finkler Question, which won the Man Booker Prize, has sold 42,500 e-books since its October release – almost 10 per cent of its 500,000 global sales. Kitchen confidential has sold 28,000 e-books.Eat, Pray, Love and Operation Mincemeat have also performed strongly since their releases last year.He said the firm has had a “great year” overall, with strong cash inflows and strong sales of stable staples such as Harry Potter.He also said Bloomsbury has become less dependent on hit titles, working on “strong, dependable streams of repeatable revenue” such as annual almanacs.He added: “We also have a 25-year track record of picking the hits and we have a number of strong books in the pipeline. We’ve had a very good January and February.” Tags: NULL KCS-content Show Comments ▼ Share Bloomsbury predicts year of the e-book center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads Monday 28 February 2011 7:53 pm More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the whatsapplast_img

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