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25 July 2012

A pending union of giants in the book industry

As with other businesses, technological developments over the past couple of decades have had a profound effect on the book industry. With increasing choice for entertainment, fewer people are spending time with their noses in books, and those who are often either opt for cheaper – and lighter – digital versions, or take the route to the black market, downloading pirated versions.

Even in a historically literatureminded country like Russia, the situation is no different, though piracy has proven to be a more serious problem here. Over the past four years, the total number of books printed in Russia has declined from 760.4 million to 612.5 million, while digital sales have remained insignificant.

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