Thursday, July 23, 2009

And now for a bit of good news...

If you're a writer today, looks like yong adult is the place to be. There's a great Wall Street Journal article today about Borders launching teen bookstores within their larger bookstores. Apparently, the numbers support cannabalizing the dying CD sections for teen books:

"At a time when book retailing is slumping, young-adult titles and graphic novels are still delivering growth. Albert N. Greco, a professor at the Fordham University's Graduate School of Business Administration who studies the book industry, estimates that young-adult fiction, fantasy and science fiction will generate $744.3 million in U.S. publisher revenue this year, up 13% from $659.1 million in 2008. That compares with U.S. publisher revenue of an estimated $9.73 billion for consumer books as a whole, a 4.7% decline from 2008's sales, according to Mr. Greco."

6 comments:

Anonymous said...

Whoopee!

Jennie Englund said...

That's seriously inspiring!

Thank you!

jessjordan said...

YAY for YA! :) I don't know what it is, but there is something magical about young adult. I think I'll still be reading it when I'm in my old lady rocker. Or when I'm off the rocker. Something like that.

Jody said...

Hooray Ann Arbor, Michigan. You make me proud.

Anonymous said...

I can't wait to see the Christy Raedeke display next to JK Rowling.

dgb

Kimberly Derting said...

YAY YA!!!