There are some interesting claims being levelled in the publishing industry about the death of books (rubbish), that publishers are going broke (only if they messed up) and that the industry is in turmoil (only when scaremongers keep saying it is). Well, the infographic below highlights some statistics on the US book industry – I think I’m going to stop calling it the publishing industry, maybe reading industry is more appropriate. The final figure is the one that everyone should quote the next time a smaller or non-existent advance is offered to authors, or royalty rates are lowered, or high book prices are justified.
Source: http://www.newrepublic.com/article/114998/book-business-doing-fine
Tyson Adams 