New book publishers will be publishing new childrens books and music books for the first time after the government announced it would no longer be publishing them.
The publishing industry was among the last to announce that they were abandoning book publishing after the new Brexit legislation passed in June.
The move comes after the UK’s government announced that it would not be renewing contracts with book publishers and that book prices would rise from £2.99 to £5.99 per day from the end of 2019.
But the UK Government announced on Monday that it is planning to re-enter the book publishing market by the end, with the government looking to sell book publishing rights to book publishers.
“The Government is making a clear commitment to publishing more books and the publishing industry will be one of the beneficiaries of this decision,” Minister for Publishing, Culture, Media and Sport David Davis said.
The new publishing rights will be offered to publishers for the next four years, with no new contracts issued to publishers prior to that.
Book publishers and booksellers had been facing a battle with the Government to keep book prices high enough to support a small print run of 200,000 copies a day.
The Government has previously promised to stop renewing existing contracts with publishers and was keen to see book prices go down to make room for a new market.
But publishers are hoping the new arrangements will give them the financial incentive to make their books available for free.
“We’re not going to stop making books,” the Booksellers’ Association of the UK (BASUK) said in a statement.
“It’s going to be free for everyone.
It’s going in the right direction.”
The association says that a free digital subscription service for book publishers has been announced, which will be free to users in the UK, with a subscription of £3.99.
“The BASUK believes this is a fantastic opportunity to help book publishers secure the future of their businesses and, in turn, the lives of their readers,” the association said.
“Our members are the backbone of the book industry, supporting thousands of independent bookseller and book publisher businesses.
The BASUK is pleased that the Government is now committed to delivering the right outcomes for book publishing.”