E-books now 5% of market, but pirates still dominate
Russia’s e-book market has been growing at a robust CAGR of 120% over the past three years, swelling from 11 million rubles (just under $370,000) in 2008 to 135 million rubles ($4.5 million) in 2011, Russia’s Federal Press and Mass Communication Agency reports in its overview of the national book market’s progress and trends for this year.
According to the report, the top players in the market are LitRes and IMobilco, controlling an aggregate 74% of the domestic e-book trade. LitRes, the leader with a 54% market share, also boasts the majority ownership of copyright for distributing Russian-language books on the Russian-language Internet.
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