The book industry makes $113-billion a year. What does that mean for you?

by Tim Grahl
In 2015, the book publishing market generated over $113,000,000,000 dollars [1]. That’s billion. $113 billion!
And here’s the thing…
It’s growing!
It’s estimated to break through $120-billion by 2020.
That’s a huge amount of money! In fact, it’s so big, it’s hard to really grasp it. So let’s compare it to something.
If you ask the average person, which makes more money… movies or books, they would probably answer “movies.” But they would be wrong.
The global box office revenue for 2016 was a mere $38-billion [2]. That’s only a third of the book industry.

1. Facts, U. (2018). Topic: Book Industry. [online] www.statista.com. Available at: https://www.statista.com/topics/1177/book-market/ [Accessed 7 May 2018].

2. Facts, F. (2018). Topic: Movie Industry. [online] www.statista.com. Available at: https://www.statista.com/topics/964/film/ [Accessed 7 May 2018].