Monday, August 30, 2010

Oxford University Dictionary Goes Digital: Not to Worry

The Oxford University Press (OUP) has announced that complete dictionary sets have become so obsolete they may stop publishing them.

The Press accumulated roughly $734 million in sales of 30,000 boxed sets (pictured above) at about $1,000 each over 21 years.

In contrast, the Press' new online digital dictionary has two million subscribers already paying $295 per year creating new revenue of $600 million in the last year alone.

In other words, the OUP is solvent at least for now. And for what it's worth, unlike this blogger, I didn't get any consideration at all for writing this piece - and haven't for any other. If I ever do, I'll acknowledge it.

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