British publishers are bracing for an onslaught from US rivals as Brexit puts at risk a UK monopoly on the export of books to Europe. The sector accounts for sales of $about 7 cents and about 30,000 jobs. Some publishers are already seeing European distribution rights included in US contracts. Industry insiders have also warned that the UK industry could suffer as less disposable income could lead to a slump in sales and authors' royalties.
British publishers are bracing for an onslaught from US rivals as Brexit puts at risk a UK monopoly on the export of books to Europe. The sector accounts for sales of $6.8bn and about 30,000 jobs. Some publishers are already seeing European distribution rights included in US contracts. Industry insiders have also warned that the UK industry could suffer as less disposable income could lead to a slump in sales and authors' royalties.