It’s not just the music industry that’s fretting about digital cannibalising physical sales. HarperCollins CEO Victoria Barnsley gave a speech yesterday about the book publishing market, and suggested that a 7% drop in the retail value of paperback fiction in the first quarter of this year is due to e-book sales. “The signs are that consumers expect e-books to be priced considerably lower than physical books. There’s no easier way to drive an e-book up the charts than by massive price reductions,” she said. Barnsley also warned that despite the excitement around growing e-book sales, consumers will decide at what point pricing stabilises. “And only then will we know if there is a viable e-book business.” Source: The Bookseller

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