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However, the rise of e-books and audiobooks comes at a high cost to the industry as global sales of printed books by publishers in the UK fell by 55 million in the first six months of the year with the closure of streets and schools during the first quarantine period imposed by the Corona virus, based on what I mentioned. British newspaper “The Guardian”.
The pandemic has revived the fortunes of consumer e-books. The format promoted as the future of reading has suffered six consecutive years of declining sales since it peaked in 2014. But this year has been different, with sales at home and abroad increasing 17 percent. to reach £ 144 million in the first half. . Publishers in the UK can now expect e-books to have their best year since 2015, when sales were just under £ 300 million.
In parallel, the e-book market also received a boost thanks to the government’s abolition of the so-called “reading tax” of 20 percent of the value-added tax applied to digital titles, which Amazon deducted from the price of books. Kindle electronics on May 1 (May) last year, to match their printed equations, which were always subject to the zero percent rate.
