The U.S. book and journal publishing industry created $27.98 billion in net revenue in 2014, according to the Association of American Publishers (AAP)’s annual StatShot. Revenues were up 4.6 percent as compared to 2013, in which annual revenues were $26.75 billion.
The report includes trade (fiction/non-fiction), K-12 instructional materials, higher education course materials, university presses, and professional books.
“The industry’s health is driven by the depth and range of titles and formats produced by publishers. By that measure, 2014 was a good year for publishers with more than 2.7 billion books in all formats sold and continuous innovation in developing new ways for readers to enjoy and learn from books,” stated Tina Jordan, Vice President of the Association of American Publishers.