May 22, 2009
"The aforementioned figures, along with bold projects like The Obama Time Capsule appear to have elevated self-publishing and POD from their dismissed positions as so-called “vanity presses.” However, in the big picture, what does this new development mean for the publishing industry itself? According to Bowker’s Gallagher, “It remains to be seen how this trend will unfold in the coming years before we know if we just experienced a watershed year in the book publishing industry, fueled by the changing dynamics of the marketplace and the proliferation of sophisticated publishing technologies, or an anomaly that caused the major industry trade publishers to retrench.”
Perhaps the 2009 Books In Print® database will tell a whole other tale entirely."
Full article can be read here.