Canadian retail blogger, PaulThinkingOutLoud was upset recently by one publisher’s website and its aggressive discounting policy. Writing in his blog – which is well worth following – he saw this as
‘Another example of a publisher or distributor bypassing the brick and mortar stores. Although some of this might be legitimate overstock inventory, it raises the expectation of consumers for this level of discounting to be normative, which adds to the discouragement of already battered retailers’.
In another post, Paul writes movingly of competing emotions during the closure of one of his stores. He ends with an appeal to press on towards the goal of in-store ministry.
Do you feel battered by falling sales or emboldened by spiritual opportunity? Yes, Christian bookshops continue to close, footfall is in decline, competition from online is savage and at best support from churches is patchy. Yet we are not always that well informed of current trends in the wider publishing scene. In the same way as what happens in the USA often affects the UK, the same is true of events in the general market impacting the Christian trade.
Generally speaking, our grasp of the financials on both ‘sides’ is often lacking. Retailers operate on lower margins with high fixed costs (upward only rents, rising business rates – up 2.6% again in April) whereas publishing in the main has higher margins and a far more flexible cost base. Clearly there are worries on all sides and as publishers face lower physical sales, print-runs continue to fall making the viability of mid-list titles ever more tenuous. Many publishers struggle with storing high levels of physical stock, much of which will eventually be written-down. Ironically for publishers, digitalisation represents yet more cost and a growing overhead; this, coupled with falling average cover prices (ebooks sell at half the average price of a paperback: £3.21 v. £6.31).
Our industry is a torrid place. The physical consumer book market declined by 4.6% in value in 2012, with fiction down 4.5% and non-fiction down 6.3% – only Children’s books held steady. The value of print sales slumped by £74m last year. (It could be worse – in Australia their market fell 6.3%). The marketplace churns violently in a volatile landscape; over 200 libraries were closed between 2011/12 and in another sign of turbulence, Cambridge University Press ceased print production on their Cambridge site after 400 years.
Yet 2012 saw the continued growth in digital publishing, social media marketing and self-publishing. Hive became established. Amazon’s Kindle grew faster than ever and a number of other e-readers, notably Nook, Kobo, and Nexus gathered momentum. Controversially Waterstones began to sell Amazon’s Kindle, recognising that they had neither the time nor money to develop their own platform. The Fifty Shades publishing phenomenon came out of nowhere ending the year with sales of £47.3m.
The market for ebooks was revised upwards to £300m late last year and continues to grow, albeit more slowly. Major publishers report e-sales of between 8% and 17% of overall revenue. In November, the ebook agency price probe in the USA and the EC brought a chill to the major houses as they battled against what felt like unfair external pressures. Now ebooks sell for an unsustainable 20p (a marketing idiocy pioneered by Sony) and most slots in the Kindle top 20 are populated by cheap ebooks. Nielsen data suggest that there are 7m UK ebook adopters, with heaviest use amongst ages 35-44, lowest in the under 20’s. However, the BBC reports that just as many UK adults, 7.4m or 15% of the population have yet to access the Internet.
Bookshop closures continue apace with The Booksellers Association figures documenting ongoing decline: down to 1,028 shops (2012) from 1,535 in 2005 – conversely Children’s bookshops are thriving with more opening this year. In the USA, the one surviving major bookstore chain, Barnes and Noble announced after Christmas that they expect to slim down store numbers by a third. B&N have 689 stores currently with 190-240 of these slated to close over the next decade. It’s a widely held view that the holy grail of ‘Discoverability’ is best achieved in a physical bookshop; browsing activity is their USP.
The debate over the future of our libraries is equally as fierce. The UK Government’s Sieghart ebook library lending review is yet to report but author, Terry Deary said recently: ‘Libraries have had their day. They are a Victorian idea and we are in the electronic age’. How to win friends! It’s worth noting that the PLR on printed books from library lending is more than £6m paid out to 23,000 authors. The debate remains live as people continue to ask if digital will trounce the physical book or whether in due course it will all settle down benignly?
There’s a lot of anger amongst booksellers towards the perceived lack of a level playing field. Writing in The Bookseller, Charles Tongue of the Stroud Bookshop said, ‘I believe Publishers are blindly colluding with Amazon and the result will be the destruction of High street retailing’. He was widely applauded.
I like Foyle’s of London advertising slogan; This Bookshop Will Change Your Life – no ambiguity there! Earlier this year, Sam Husain, CEO of Foyle’s sent an open letter to publishers arguing the need for better terms (an average of 60%) and increased support (promotional stock on consignment). He stated that the current bookshop model is broken, needing a complete rethink. This at a time as Foyle’s announced eight redundancies. Bravely, Foyle’s and The Bookseller have since conducted a two-day ‘Re-imagining the Future Bookshop’ workshop, held in London, allowing the trade to collaborate on what the bookshop of the future might look like.
WH Smith continue to do a sterling job in showcasing books but even their sales fall year on year; down 7% to the end of August 2012 and down a further 6% in the 20 weeks to mid-January 2013. Another indication of the parlous state of the High Street trade is wholesaler Gardners sales results which dropped 3% to the end of February last year. Blackwell’s did improve their results last year but remain loss making.
Waterstones is far from being out of the woods with the release of poor results (admittedly pre-James Daunt) showing a £37.3m loss. I wish Waterstones well because if their 290 branches were to disappear from the High Street then it would be a very serious matter, and I might add, particularly for publishers. However, I’m encouraged for two reasons: anecdotally, people seem very warm towards the ‘W’ brand and some are switching their buying away from the mighty ‘A’. The question is, will it be enough? Waterstones iconic branding campaign last autumn was well received and this year it has plans for the refurbishment of another 60 shops.
My other reason is that when I visit Waterstones, they generally prove to be busy places and people are markedly buying books. It’s just a shame that Waterstones do not ‘do’ Christianity better and with more visibility. On a positive note, I welcome the announcement by Waterstones of the launch of its staff-training academy and Certificate in Bookselling (accredited by the University of Derby); surely a vote of confidence in its own future by a visionary book chain?
Maybe I’m pipe dreaming? After all, Amazon had overall sales in the UK in 2011 of £2.91 billion (on which they famously paid £416m UK tax). They reported Q4 worldwide revenue growth of 22% to £13bn last Christmas! Latest innovations include customer collection lockers in railway stations and newsagents. This is an immensely powerful online juggernaut and our small trade faces a very significant challenge indeed!
Yet I dare to believe that localism can prevail, customer attitudes can change and that people continue to care about their local shops – you must just hope that I am right! The demise of retailers, Jessops and Blockbuster earlier this year followed by HMV going into administration shows just how tough conditions are. Incredibly, HMV was selling 27% of all CD’s and 38% of DVD’s at the time of its demise.
I would echo Philip Downer’s (ex-Borders) comment from last year;
‘The old days of Borders and Ottakars will not return … Coffee, carrot cake, cards and an ebook offer are now essentials for Indies who want to stay in business and thrive for the future’.
We have to give customers a reason to come to our shops. Why should they shop with you? I was recently handed a forward-dated 15% off voucher for a national (non-book) retailer. It worked. I visited the shop on the stated date, I used my voucher … and I bought far more than I had intended. In the Christian trade we must start thinking more creatively and connecting with customers in a very different way to the past.
Church engagement is a hugely important topic that needs far greater attention and one to which we shall return in the next issue. Many shops find difficulty in communicating with ministers. An earlier church / retail compact has seemingly broken down as leaders shop around – usually online – driven by ‘best price’ owing to the Churches’ own financial constraints. Managers struggle to venture outside their own premises due to low staffing levels or sometimes, unwillingness. And yet, somehow, retailers have to get back in touch with their core customer base – the Churches.
The days of waiting for a church to contact you are long gone. It’s often a salutary task to record daily footfall and till data – but it may just serve as the severe jolt you need in order to take action?
This article was written in early March 2013 for Together Magazine (April – May 2013)
ALBATROSS, DODO OR JEWEL
‘Is there still a place for Christian bookshops to sparkle on the High Street’?
Last year I was asked to give a lecture on Christian Retailing to the Librarians’ Christian Fellowship and Steve Briars invited me to deliver similar material at this year’s CRT. I am delighted to do so – although the two audiences are quite different! Since that lecture in April 2010, things have moved on a pace and we are learning to live with constant challenges and change. However, there is no lack of evidence that we are involved in changing people’s lives on a daily basis.
I aim to address four incontrovertible facts facing all Christian retailers;
- The UK is increasingly secularised and less open to Christian forms of spirituality
- Formats, methods and channels – but not the content – are changing almost on a daily basis
- Consumers, and particularly younger people, are not buying as many physical books as before
- The Christian industry – Booksellers and Publishers – is undergoing a serious and prolonged period of retrenchment and rationalisation
I have invited three practising retailers -
- Andrew Lacey, Manager of GLO Bookshop, Motherwell, Scotland
- Melanie Carroll, Owner of Unicorn Tree Books and Crafts, Lincoln
- Steve Mitchell, Retail Director of Wesley Owen
each representing different facets of our trade – to address this question;
- ‘How can our trade best communicate the Good News in an increasingly post ‘bricks and mortar’ era and to a progressively digital generation?
Which of these three images describe and/or sum up today’s Christian book trade;
- Albatross; large seabird, majestic in flight or as in Coleridge, a ‘burden or encumbrance’
- Dodo; flightless bird known only in history; extinct, long gone, utterly dead and finished
- Jewel; beautiful to look at, highly valued. precious to its owner, ‘the jewel in the crown’
A brief trade overview
- The very first UK Christian Bookshop opened in Derby in 1810 – Just over 200 years ago!
- The Derby and Derbyshire Auxiliary of the Religious Tract Society opened this shop in the Cock Pit area of Derby. It then moved to The Strand around 1900 (where it was renamed The Bible and Book Shop) and on to Irongate before finishing up in its present location in Queens Street. Subsequent owners have included; Scripture Union, STL/Wesley Owen and now it is owned and operated by Koorong of Australia.
- Just to add ecumenical balance, the next Christian bookshop was opened in Bristol in 1813 by the Society for Promoting Christian Knowledge. SPCK as a society had been established much earlier in 1698 by Dr Thomas Bray, a clergyman. SPCK went on to open their second shop in London in 1836.
- Many commentators would argue that to be a truly national retail chain, you need around 300 to 600 outlets to be represented in the main towns and cities. No Christian operator has ever come close although at one point in the 1990’s there were probably over 600 Christian Bookshops of some shape or size across the UK, but most operated independently.
- Those numbers have dwindled and are dwindling still. There is some evidence of new players entering the market year-on-year but, in my view, numbers of Christian bookshops are consistently down. I would estimate there are around 220 bookshops in the Christian niche capable of carrying out a viable trade.
- Due to its unique history, Northern Ireland remains the strongest market for Christian product when compared to its population size; this region continues to sell more Christian books per head than anywhere else in the UK. Scottish shops are mostly sited in the major central belt conurbations and there are virtually no Christian bookshops in Wales outside of the Cardiff area.
The ‘Missional’ nature of Christian bookselling
- For the past 30 years I’ve had the privilege of being engaged in the vocation of Christian literature distribution in its various forms. I have been involved as a bookseller, an author, a distributor and a publisher. I retain a fundamental belief in the importance of maintaining a Christian witness on the High Streets of our country. I therefore cannot but help feel that the loss of any Christian shops on the High Street is detrimental and I, for one, mourn the demise of those that have closed.
- Controversially, I have long pondered whether the historical separation of Christian bookshops into a specific subset of the wider book trade will turn out in the longer term to have been a mistake? Would it have been better for our specialist outlets simply to have remained part of the wider general bookselling community as it is elsewhere in the world? To outsiders, our bookshop names must inevitably seem a little twee and out-of-touch. Does such a separation help or hinder our aspirations for engaging in Christian witness?
A quick look at the wider social environment
- The UK is a largely secularised, post-Christian society with a significant multi-cultural population. There is clear anti-Christian bias throughout the media and in politics and militant atheism is on the increase. Christian TV & Radio has very low penetration, making product mass marketing difficult.
- Regular church attendance is in decline in most of the traditional denominations. However, there are bright spots; the Black majority and Hillsong churches are growing. Cathedral attendance is increasing and the Emerging Church movement gaining ground.
- There is a general decline in book readership in society; not just amongst Christians. Competing media and digital attractions vie for our time and the lack of time affects all of us however much we enjoy buying and reading books.
Some thoughts about channels and digitalisation
- The way books are being bought is changing rapidly. An experienced international bookseller said to me only last week that, in over 30 years, he had not known a time of such momentous change as there has been in the past two years. Someone else has described the current upheaval as ‘a perfect storm’.
- There are enormous structural and societal changes taking place. These have been described as being as immense as the transition from parchment to the printing press. Most are outside of our control and are being imposed on us from outside of the trade. It therefore should go without saying that it is foolish to fall out amongst ourselves over changes which are so outside of our control and which are affecting the whole of retail.
- Woolworths, the 45 Borders UK stores and the Irish Bookseller, Hughes & Hughes have all left the UK High Street in the past couple of years. Since Christmas this year, WH Smith bought 22 British Bookshops and Stationers stores, Borders USA entered Chapter 11 – and is effectively bankrupt – and the REDgroup in Australia went bust leaving big UK publisher debts. HMV put their Waterstones chain up for sale selling it for a knock-down £53m in the last few weeks to a Russian tycoon.
- Supermarkets now sell one in every five books purchased and UK Libraries are under massive pressure due to imminent Government spending cuts.
- The issue here is primarily about the explosion of differing routes to market. Print no longer dominates in terms of the delivery of ideas. Content will continue to remain key.
- There are parallels with the development of digital television. More channels = fewer viewers. In our field, more ‘books’ (however those are defined; print or digital) equals a dispersed customer base which is no longer dependent on the traditional bookseller.
- Due to digital delivery channels, it is easier to self-publish now than at any other time. Blogs and social networks proliferate but some would argue that this only leads to the problem of quantity at the expense of quality.
- Territorial Rights are clearly a problem in the context of a global marketplace. Old-style publishing rights are not always recognised in the internet environment as single copy orders are taken and shipped – often across national boundaries – on a daily basis.
- Paradoxically, more printed books are being published year-on-year in the UK. Book production figures in the USA rose 5% last year despite a huge increase in eBook sales.
Impact of the Internet esp. Amazon, downloads and ePublishing
- Online sales make up 17% of all UK retail spending – and growing.
- Digital downloading is beginning to affect the sale of print items, especially newspapers.
- Book purchasing via the internet is no longer an exception, it is the norm. Amazon recorded their first £10bn sales quarter in early 2011.
- Several eBook Readers are competing for attention and rapidly gaining traction in the market; Sony’s eReader (Waterstones), the iPad (Apple Stores) and Kindle (Amazon).
- There has been an inexorable rise in the sale of eBooks with PA figures showing that eBooks grew to 6% (£180m) of £3.1bn UK book market. This may grow to 10% in 2011.
- Amazon are selling more eBooks than paperbacks; 105 on Kindle to every 100 in print. Four authors have already sold over 1 million eBooks each. Amazon lists 945,000 Kindle generated eBooks. Analysts expect 2011 sales to be $5.4bn in Kindle generated eBooks.
- However, despite these figures, over 90% of sales continue to take place via print. Black and white text books are struggling but print Bibles and Children’s books remain strong sales lines.
Where might all this change be heading? What is the future for our trade?
- Retailing is hard graft for many categories. Shopping habits are changing fast and there is much less time available for those trips to the High Street. When time is found, then competition for time and money is increasingly fierce. Supermarkets dominate.
- BBPA figures earlier this year show that the quintessential English Public House is closing down at the rate of 30 per week.
- One in seven retail outlets in the UK were surveyed as being empty in September 2010. UK shop leases are the Achilles heel for all retailers. Most are expensive, with ‘upward only’ increases and, if not carefully drawn up, extremely inflexible. Many businesses struggle with high establishment costs and Business Rates for non-charity shops are high.
- Christian bookshops are obviously not immune – and many are having a torrid time. There have been some major shake-ups in the past couple of years, with a lot of shops going and, thankfully, a few coming. The SPCK meltdown in 2008 and the IBS-STL debacle at the end of 2009 has badly destabilised Christian retail in this country.
- Demographics also conspire against these specialist shops. Church attendance in the traditional denominations is largely declining and newer Churches with their younger audiences, such as Hillsong, are self-contained in terms of their resource requirements.
- The challenge we face today is to ask, what should the Christian bookshop of the 21st century look like? Will it, as an entity, soon cease to exist, lost as an irrelevance in our increasingly secular world or can it be reinvented in an increasingly post ‘bricks and mortar’ era and for a progressively digital society?
- Although I sincerely wish CLC, Faith Mission and Koorong well in their endeavours, I am no longer convinced of the chain model when it comes to running Christian bookshops. For a variety of reasons, so many major book chains have simply failed over the years. It would appear that, in many cases, their high central costs have acted as the drag on the business and this, in a crisis, hinders rather than helps. Once I would have argued strongly for the efficiencies of scale and the need for central buying that the chain model provides. Now I am no longer so sure.
- In my view, there is still a lot to be said for a very good independent shop operating solely at the local level. Perhaps we’ve just gone full circle?
- In my view, internet retailers can win every time on the basis of price, range and convenience. If ‘Bricks and Mortar’ booksellers are to succeed in the future, they have to provide that illusive and intangible ‘sense of experience’ to their customers.
- Nick Page has written elsewhere that ‘average’ is no longer good enough. For a future, these bookshops have to be ‘really good’ and run by people who love books and love selling books. They have to be ‘exciting, memorable, fascinating’, places where events are held and reading encouraged. In short, such a bookshop must have ‘personality’!
A final meditation from 2 Corinthians (NIV);
2:17 ‘Unlike so many, we do not peddle the word of God for profit. On the contrary, in Christ we speak before God with sincerity, like men sent from God’.
4:1 ‘Therefore, since through God’s mercy we have this ministry, we do not lose heart. Rather, we have renounced secret and shameful ways; we do not use deception, nor do we distort the word of God. On the contrary, by setting forth the truth plainly we commend ourselves to every man’s conscience in the sight of God’.
This list documents some recent ’happenings’ in the wider book trade;
- Online sales now make up 17% of all UK retail spending
- Living Oasis – experiencing ongoing shop closures
- STL Distribution – a further round of redundancies
- Celebrated the 400 year anniversary of the King James Bible (AV)
- Inexorable rise in the sale of eBooks
- PA figures show eBooks grew last year to 6% (£180m) of £3.1bn UK book market
- Scott Macdonald replaces Moe Girkins as Zondervan’s CEO
- Amazon eBookstore lists 945,000 Kindle generated eBooks
- Four authors have already sold over 1 million eBooks via Amazon
- USA book production figures rose 5% despite huge increase in eBook sales
- The end of an era; RIP STL Distribution – say hello to Trust Media Distribution
- Amazon predicted to sell $5.4bn Kindle generated eBooks in 2011
- Amazon is selling more eBooks than paperbacks; 105 on Kindle to every 100 in print
- HMV sells its Waterstones business to A&NN Capital Fund Management for £53m
Click here for an earlier digest of the first 8 weeks of this year.
This list documents extraordinary activity in the wider Book Trade in a few short weeks;
- UK book sales fell 3% in 2010, selling £56m less than in 2009
- NIV Bible eBook tops the USA bestseller list over the New Year
- 2011 marks the 400th anniversary of the King James Bible
- Barnes & Noble USA do well over Christmas – thanks to their Nook eReader
- Physical book sales continue to decline around the world
- British Bookshops and Stationers go into administration
- eBook debate intensifies – but with little clarity emerging
- Digital Book World Conference is held in New York
- Kindle; the most popular eBook reader – with sales overtaking paperbacks
- Amazon record their first £10bn sales quarter
- Waterstones owner HMV; shuts 11 UK stores, cuts HO jobs
- WH Smith buy 22 British Bookshops and Stationers stores
- UK Libraries under massive pressure due to imminent spending cuts
- Borders USA enters Chapter 11 – and is effectively bankrupt
- REDgroup Australia goes bust – leaving big UK debts
- Borders Singapore shuts its doors
- Zondervan loses its President and CEO, Moe Girkins
- Gardners launches the HIVE website in the UK
- STL Distribution UK rebrands as Trust Media Distribution
- Living Oasis has its ups and downs, causing uncertainty
Only another 10 months left for this year – don’t hold your breath!
More news of interest to book trade readers as eBook sales continue to gain momentum. Zondervan has just reported its NIV Bible eBook (released on 15 Dec 2010), featuring the newly updated New International Version of the Bible (NIV), is the company’s fastest-selling eBook, and made it onto the USA Today bestsellers list. The digital release marks the first time that a new Bible translation has launched in a digital format prior to publication in a print format.
Chip Brown, Bible Publisher at Zondervan is quoted as saying, ‘Millions of people unwrapped an iPad, Kindle, Nook or other e-reader during the holiday season, leading to an industry-wide spike in eBook sales, and we are delighted that the NIV Bible was among consumers’ most desired eBooks to download’.
Zondervan claim to be the first publisher to have had Bibles available in Apple’s iBookstore at the launch of the iPad. In total, the company has published more than 30 Bible titles for eBook readers, including the iPad, Amazon’s Kindle, B&N’s Nook and the Sony Reader.
At last, some eBook sales figures to help make sense of what’s going on in a confusing publishing market!
Today, in an intriguing report, The Bookseller quoted Tim Hely-Hutchinson, Group CEO of giant Publisher, Hachette UK, owner of Hodder Headline as saying that ‘eBooks now accounted for 5% of Hachette’s total sales in the fourth quarter (of 2010)’.
Other fascinating facts revealed by The Bookseller;
- USA eBook sales have been tripling year on year, from 1% of total sales in 2008 to 9% this year.
- Hachette claim to have a 22% share of e-book sales, ‘outperforming our market leading 15.5% share in print books’.
- Hachette will have 15,000 titles available as e-books by 2012, up from 5,000 now. This would account for 10% of sales.
- Hachette has made major investments this year in order to respond to digital change including ‘Biblio3, an operating system for managing print and digital books from pre-acquisition to publication, a digital asset management system to store and distribute all digital files and a new web system for internal and author websites’.
- Google’s planned move into e-books next year “might be another game-changer“
Buzzle.com published an estimate this month from IT analyst’s Gartner predicting the number of eBook reader sales in 2011. Fascinating stuff, here’s a taste of their report;
‘The global sale of electronic eBook readers will reach up to 6.6 million units by the end of 2010. This will be a stupendous 79.3% rise from the earlier sales figures of 2009, which saw a sale of 3.6 million units worldwide’.
North America has recorded the greatest number of eBook reader sales in 2010, with a share of 4 million units.
Competition in the eBook reader sector is heating up by the day – Amazon’s Kindle, Barnes & Noble’s Nook, Sony’s eBook Reader and Apple’s iPad.
‘If demand continues to rise at this rate globally, we can expect the global eBook reader sales to reach the 11 million mark in 2011’.
So game-on, I feel. There’s no going back now. This Christmas will almost certainly see an increase in the number of eReaders – the Kindle apparently has the largest market share and then there’s that iPad – boosting eBook sales even further.
There are still an awful lot of printed books being sold! It’s not quite reached a tipping point – yet!
Update; Friday 23rd July – Further facts emerged today concerning the sales performance of eBooks. The Bookseller.com reports that June saw further Kindle eBook sales growth with the ratio rising to 180 eBooks for every 100 Hardbacks sold in that month. Authoritative figures from the UK’s largest publishing house, Hachette UK, stated that ‘digital formats’ now represent 8% of their sales by volume – this is five times higher than in 2009. Clearly, the gap is closing fast.
Nielsen figures (for Jan to Mar 2010) show that hardbacks are just over 20% of the UK market (by volume).
The Bookseller.com goes on to say that the first mass market author to exceed 1 million eBook sales is James Patterson with 1.14m in total. Most publishers in the UK seem to be seeing fairly rapid growth in their eBook sales.
Nielsen also announced today that they would launch a UK eBook sales chart ‘within a matter of months’, another sure sign of a rapidly changing marketplace.
Perhaps the jury is still out but it would be a brave person who suggests that this is all going to die away and come to nothing. We shall see!
July 20th – according to a report on The Bookseller.com today (see http://www.thebookseller.com/news/123655-amazon-sells-more-kindle-books-than-hardback.html), Amazon are now selling more Kindle eBooks than physical Hardbacks. In the three month period – April to June 2010 – for every 100 hardbacks sold online, 143 Kindle eBooks were downloaded.
This was picked up in an excellent piece on BBC Radio 4 tonight and the question posed to a couple of guests, ‘Do these sales figures represent a tipping point and does this mean the demise of the case-bound book’?
There followed a mixed but measured response. Two points stood out in my mind; first, that the physical book really can be an ‘escape’ for people who spend all day, every day on a screen and therefore do not want to have to read on-screen in their leisure time. Secondly, earlier parallels were noted with radio v. television and cinema v. video. The newer technologies represented a threat to the old but in both these cases, radio and the cinema have survived and indeed are thriving.
However, the argument breaks down when you compare CD’s and downloadable music. In this case, online music is clearly winning against the physical CD. I buy much of my music online and just occasionally I will buy an actual CD. I enjoy reading the inside cover notes and admiring the photographs and the design but that still is not enough to prevent me from buying my music online.
I was lent this lovely casebound book at the weekend and I truly appreciate the physical ‘feel’ of a beautiful book. I’m just not sure, that at this stage, I’m quite ready to give up that pleasure to buy online and read on-screen. On the other hand, do I really want to ‘lug’ all 600 hardback pages onto a plane when it can reside so easily on an eReader?
So does this latest report from Amazon represent simple marketing hype or is this really the tipping point in the seemingly inexorable rise of the eBook?