September 26, 2017

Canada: What’s Does the Future Hold For Ebooks?

From the Financial Post:

“Unplugging — I think people are getting it,” Heather Reisman, chief executive officer of Indigo Books and Music Inc., said in an interview after the company’s recent annual general meeting of shareholders in Toronto.

“Especially Millennials,” she said, speaking of the demographic aged 18 to 34. “They are the hippest group.”

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After years of robust e-book market growth, sales have flattened out in the past two years, while sales of traditional books seem to be stabilizing.

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Noah Genner, president of Booknet Canada, believes e-books are definitely here to stay, even though it is difficult to predict their trajectory in an industry increasingly shaped by new technology.

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Sales often follow an “innovation curve,” Genner noted, where sales spike in a new product when the general population adopts a new technology. It is generally followed by a period of slow to flat growth, he noted. “These peaks and plateaus happen in almost every consumer device all the way back to washing machines.”

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Gary Price About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.

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