Essay on The Effects of E-Readers on Publishers
On the article “The Real Impact of E-Book Sales” (2011), one out of five e-book publishers derives more than 10% of company revenues from e-books sales. Since two out of three publishers have not converted majority of their legacy titles to electronic versions, there are not able to keep up to the competition. It is obvious to the public that the war of e-readers and tablets has begun, such trend will attract more consumers overtime, and eventually, more e-books are consumed and physical books are left behind. Holt (2011) argues that the discussion about end of libraries, paper publishing and book selling is absurd, because different people prefer different ways to obtain reading materials.
While I agree with Holt, however, the e-reader and tablet market is defiantly here to stay and would create a permanent affect on the original paper publishing market, as well as our lifestyle for generations. As stated, studies have found a negative relationship between the sales of e-readers and paper books. The purpose of this present study is to determine the effect of e-readers have on publishers. I hypothesize that the rise of e-reader market has a negative effect on bookstores and publishers.