Welcome to The CITE -- a blog on Course materials, Innovation, and Technology in Education, created by Mark Nelson and now part of the Publications Department of the National Association of College Stores. CITE is a pun with multiple meanings - referring to cite as in citation, something people reference; site as in location, website, or place people go to; and sight as in foresight or looking ahead to what is coming. Comments, discussion, feedback and ideas are welcome.

Sunday, May 18, 2008

IBS announces results of London book fair survey

Many of you probably already saw this piece, but I have been traveling and am behind on my reading. About a month ago IBS announced the results of the survey of publishers it conducted at the 2008 London Book Fair. A short synopsis of key findings is available online. Here are some of what I found to be more interesting points:
  • Most publishers support authors right to digital download royalties, but most have no mechanism to manage the payment of those royalties.
  • Nearly 4/5ths of publishers believed they should be allowed to sell directly to consumers, and 56% said they already are!
  • 89% said they believe there is still very much a place for bookstores.
  • 83% believe consumers will fully accept e-book readers.
  • Academic titles were considered to be among the most likely areas where e-books will be used
The ending quote is also telling,
This survey has shown that publishers are very much moving towards the modern
digital world. [...] However, there are still plenty that do not have any
systems in place at all for online sales and these publishers need to rapidly
re-think their strategy if they are to succeed in the modern high-tech future of
the publishing industry.

The same could be said for many booksellers. An interesting article though with some equally interesting findings. I think it would be interesting to see the full set of data they collected .... something worth tracking down.

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