HarperCollins eBook Sales Cut Into Paperback

As paperback sales are dropping, eBook sales are on the rise for HarperCollins’ international business.

At the World E-Reading Congress in London this week, Harper Collins’ international CEO Victoria Barnsley reportedly said that eBook sales at the publisher are growing five to 10 percent a week, and attributed the drop in paperback sales to this fact.

Paidcontent.org has the story: “‘The paperback fiction market this year is down seven percent in trade value – I put this almost entirely down to ebook sales … the mass-market paperback is the thing we’re going to cannibalise most.'”