Publishing in crisis. Who is responsible, who takes the lead?
Today we are launching a new weekly section in our blog called #SharingStories. This name reflects both de DNA of boolino (impacting children’s lives by turning them into enthusiastic readers) as well as the content of this new section. Every Saturday I will talk about news and issues related to the children’s publishing sector that have caught my attention, about news and tendencies in children education as well as things that are happing in and around boolino.
Through #SharingStories I want to initiate debates and maybe provoke every now and then to push us (everyone who works in this fantastic industry) beyond our comfort zone. Everything you will read here is my personal opinion, which might not always coincide with the thinking of the boolino team… writing in first person gives me that freedom. Please contradict me, in case you don’t agree with what I am saying. I don’t pretend to be right and the more we debate and share, the more value this blog will create. The reason why boolino exists is that we love books and reading. We firmly believe that a culture of sharing stories and reading creates a better and more equal society.
These days, triggered by the presentation of the 2013 results of the Spanish publishing market by the Federación de Gremios de Editores de España (include link to their press release) (FGEE) last Monday, the press has been full of articles painting a rather dark future picture of our industry: Saltan las alarmas en el sector editorial español al retrodecer 20 años, Las ventas de libros cayeron casi un 10% en 2013, El libro infantil y juvenil sigue su caída en ventas. Without doubt, Spain is living through a severe economic crisis in combination with decreasing household income due to high unemployment. As a result, publishing experienced an important downturn in sales, like a lot of other sectors, for example the Spanish gaming industry is down 48% from its peak in 2007. On top of this, like all other media industries, book publishing finds itself in the middle of a perfect storm due to shifting distribution channels from physical (book stores) to online in combination with the digitalization of the content. Short-term effects are lower sales and reduced profitability but the real issue is that the old publishing business model will not work in the digital age. Read more