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The $100 billion global book publishing industry has entered a new phase of rapid evolution. As the industry transitions from print to digital and from local to global we are reminded of Bob Dylan’s song – “The Times they Are A-Changin,‘” a song that helped to clearly define a generation.
The transition from print to digital has brought with it well highlighted advantages including:
- Lower production costs.
- Reduced inventory risks.
- Higher margins for ebooks.
- Broader distribution possibilities.
- Ability to more efficiently monetize backlist titles.
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