Random House Prez: eBooks 50% of the Market in 5 Years

Gina Centrello, President and Publisher of the Random House Publishing Group, says on current trends eBooks will have 50% of the market share within 5 years - and suggests that publishers need to look at ways of adding value to their product:

Her estimates are based on recent growth. She said that last year eBooks represented 3% of the market and this year it will be about 10%.

Because eBooks are the next wave, Centrello questions if digital books should become more than just a channel of distribution and encouraged a room full of publishing industry people to consider adding music and video to books when it makes sense. Still, she thinks that a book will still be about story.