Sunday, April 15, 2018

British Book Publishers Fear Brexit Will Bring a U.S. Invasion; The New York Times, April 13, 2018

David Segal, The New York Times; British Book Publishers Fear Brexit Will Bring a U.S. Invasion

"Much of the worry stems from a looming fight with American publishers over sales in Continental Europe. For decades, the British have had this market to themselves, selling English-language editions of books in France, Italy and every other country in the European Union.

That helped turn Britain into the largest book exporter in the world, with total sales equivalent to $6.8 billion per year, according to the Publishers Association, a British trade group. Just over half of that revenue came from exports, and the biggest export market is Europe.

Access to this market, without tariffs or the serious competition that comes with being part of European Union, has been a financial boon. Were British publishers to lose a substantial chunk of sales or face added costs on the Continent, the fallout could be dire."

No comments: