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Lagardere Reports eBooks Are 20% of US Adult Trade Sales

Lagardere Publishing, the corporate parent of Hachette, reported that eBooks composed 20 percent of US adult sales in the final quarter of 2011.

Worldwide, sales were down 5.9 percent for the publishing arm of the media conglomerate, publisher of Stephanie Meyer and Nicolas Sparks.

Here’s more from the release: “United States activity grew strongly (+12.8%) on the back of new bestsellers (The Best of Me by Nicolas Sparks, Seriously… I’m Kidding by Ellen DeGeneres), despite problems with distribution networks (bankruptcy of Borders) that lingered on into the fourth quarter. The e-books growth continued in the fourth quarter, mainly in English-speaking countries: in the United States and United Kingdom e-books accounted for 20% and 10%, respectively, of Adult Trade at the end of December 2011.” (Via Jose Afonso Furtado)

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Thursday May 23: Real Talk about Life after Publication

These days, writers aren’t just writers: They’re social-media mavens, seasoned public speakers, and one-person publicity machines. And they still have to find time to write their books! Find out what life is like once you've landed that dream book contract in a free web chat with young-adult authors Elizabeth Norris (Unraveling and Unbreakable) and Brodi Ashton (Everneath and Everbound) — plus special guest Kristin Rens, editor at HarperCollins imprint Balzer + Bray. Thursday, May 23 at 7:00 p.m. ET. on Figment.com.