Tuesday, June 2, 2009
BEA Recap: Industry Statistics
In a Friday afternoon session, the Book Industry Study Group (BISG) presented a high-level overview of the results from its 2008 industry study. Essentially, the growth of the book industry slowed dramatically in 2008 and is expected to remain flat for the next several years. On the bright side, small publishers experienced substantial growth in 2008. Publishers reporting $50 million or less in revenues per year now constitute approximately 32% of the total industry revenue (around $40 billion). Religious publishing didn't fare so well and suffered a 10% decrease in revenues in 2008 with further decreases expected in upcoming years.