Want to join the conversation?
Retail bookseller $BKS said that digital book business grew for about $400MM in 2010 to about $3Bil in 2013. Since this, ebook sales have plateaued & physical book sales have stabilized. At present, $BKS estimates physical book sales to account for about 85% of overall US book market, and market share for physical is about 20% and for ebook is 9%.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.