Publishers in Russia talk of little hope of a turnaround in 2021, describing a book market that was sliding before the pandemic.
Some children’s book publishers in Russia forecast growth in 2021, but another publisher cautions that ‘oversupply’ and ‘low-quality books’ are problematic.
In the case of Ukraine’s Old Lion Publishing House, adapting to online retail in 2020 made the difference between succeeding and going under.
Year’s End: ‘Constant access to large catalogues of ebooks’ is credited with digital subscriptions’ popularity during the pandemic.
As Russia’s coronavirus numbers hit record levels, booksellers are taking a protracted hit, not eased by rumors of new lockdowns and surging statistics.
While a Latvian publisher seems encouraged, a counterpart in Estonia is less upbeat. And Russia’s LitRes is eyeing the region’s digital sales.
Ukrainian title output plunged 55 percent in the first half of the year, publishers say, as they worry that renewed lockdowns are ahead.
Eased restrictions in Russia have yet to result in a return of sales for the publishing industry. Some 40 percent of bookstores remain closed.
The Russian market’s book publishing sector has been designated by the state as eligible for special financial support during the pandemic.
As much as 75 percent of the Russian book industry’s usual domestic profits may be lost during the closures of physical bookstores in the pandemic.