Revenues in Canada’s book publishing industry exceeded $2 billion in 2004, and foreign-controlled companies accounted for almost half of the industry revenues, according to the latest data from a survey of book publishers.
In fact, 19 foreign-controlled publishers, who represented less than 6% of all companies surveyed, accounted for 47% of total revenues for the book publishers surveyed in 2004.
In total, the 330 book publishers covered by the survey had revenues of more than $2 billion in 2004, up 12.5% from 2000. The 19 foreign-controlled book publishers alone had revenues of $949 million.
In terms of revenue from book sales in Canada, the share held by foreign-controlled publishers was even higher. Their revenues from Canadian book sales reached $808 million in 2004, 59% of the total of almost $1.4 billion.
Book publishers had a total industry profit of $235 million in 2004, for a profit margin of 10.9%. In both 1998 and 2000 the profit margin was 11.1%. Of the book publishers surveyed in 2004, 62% made a profit.
The Daily, Friday, June 30, 2006. Book publishers
It’s hard to disaggregate some of these figures (though there’s a decent chart on the Daily page), but law books would fall into the “other” category“
The book publishing industry has low labour costs because many publishers use contract staff for services such as editing and design. Of the book publishing companies surveyed, one-fifth of the personnel were contract workers.