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.
Russian Publishers Say Social Media Users May Read Audiobooks on VKontakte
VKontakte, the most popular social network in Russia with 100 million active users, is working with book publishers to offer audiobooks to its network as early as next month.
Russian Ebook and Audiobook Player LitRes Opens Sales in Poland
Seeing its audiobook unit sales double year-over-year, Russia’s digital retailer now has a new presence in the Polish market.
Nonfiction Sales Growth in the Russian Book Market Expected to Continue This Year
Credited by some to a growing post-Soviet interest in authoritative information, the Russian book business reportedly sees substantial gains for nonfiction.
Russia’s Growing Ebook and Audiobook Sales in First Half of 2018
The Russian ebook distributor LitRes reports 45-percent growth year-over-year in ebook sales for the first half of this year. And Storytel, which ended its first year in May in the market, cites digital access over vast distances as a driver.
Marvel’s Spider-Man Widens His Web in Russia: Eksmo-AST Buys Into Comics
Some 10 publishers in Russia have licenses to produce Marvel-branded content, but the comics publisher Kofilmo is counting on the size of Eksmo-AST to help it vanquish all foes.
One Analyst’s 2018 Look-Ahead: Ebook Market in Russia Set to Grow
In the estimation of LitRes chief Sergey Anuriev, ebooks could double as a factor in Russia’s market within two years and audiobooks are showing new strength as well. The prime challenge: piracy.
Russia’s Readers Raise the Digital Stakes Amid Falling Print Sales
Reports in Russia describe a 60-percent growth in ebook sales last year, and analysts say digital formats may grow at 30 to 50 percent for years to come.
Russian Retailer LitRes Announces New .fb3 Ebook Format
Amid debate about whether EPUB may not be more suitable, the key ebook retailer in Russia announces a move to a new version of the FictionBook format, .fb3.
LitRes Chief Has Goal of Leading Russian Audiobook Market
Russia’s Eksmo-owned LitRes announces its goal to boost its current 7,000 audiobooks on offer to 50,000 of them—in five years.