Amazon eBooks Are a $3 Billion Business: A New Survey of Publishing and Publishing Businesses
The numbers are stunning: more than $3 billion in annual sales for Amazon books and other ebooks in 2016.
That’s a whopping increase of 23 percent over the previous year.
And while publishers are not in the books business, their publishing revenue is up 7.4 percent to $1.5 billion.
The ebooks business is worth more than the movies and television businesses.
The top ten publishers on the Forbes 400 list, based on their revenue, have a combined market capitalization of $2.7 trillion.
Those companies collectively make more than half of the total global movies and TV industry, and a whopping 93 percent of the world’s books.
The Forbes 400 includes companies that have the same name as the Forbes 300 list, which has its own set of rankings, such as Disney, Walt Disney Company and Pixar.
Amazon’s growing books business has a lot of room to grow.
In addition to being a popular and lucrative option for the growing number of people who want to buy books online, the company is also a major force in the entertainment industry, where its Kindle Fire tablet and Amazon Echo smart speaker are selling well and its Kindle digital audiobooks are becoming increasingly popular.
“The idea of a publishing business is very different than a movie business,” said Steve Penney, co-founder and chief executive of the New York Times Book Review.
“It’s a very different thing to do than it was 10 years ago.”
The books business can also be a profitable one.
According to a 2015 study by BookScan, a publisher-backed online analytics company, the publishing industry has made $5.9 billion in revenues since 2012.
It makes up about 15 percent of Amazon’s overall sales.
And it has been a major source of revenue for publishers, including Simon & Schuster, Penguin, HarperCollins and Random House, and the majority of its books, as well as movie and TV companies.
“There’s a lot more than just books,” said Jeff Kagan, publisher of the trade journal Booklist.
“I think you’ll see that growth in the future.
Amazon has a really good position.
They have a really solid, really smart team.
They’ve got a great customer experience, a really strong sales force and a strong brand.”
While Amazon is no longer publishing movies and televisions, it still produces content for TV and is a key force in that sector.
The company has a TV library of more than 4,000 titles.
Last year, the first season of Amazon Prime Video went on sale.
The network’s original series, including “The 100,” “The Last Man on Earth,” “Stranger Things” and “Strangers” have all been made available on Amazon Prime, while Amazon Studios has also been selling its content to Netflix.
“If you want to be a publishing company, it’s definitely the place to be,” said Kagan.
“But it’s also a very competitive place to do business.
If you want a great experience and a great product, it is a great place to start.”