Quote:
Originally Posted by hardcastle
Not much in the way of growth, though. Risk-reward. Movies have the benefit of format shifting constantly; books are in the middle of the only format shift they might ever see.
|
No, there is no growth there.
(You did notice all those studios are gone, right?)
But then there isn't much long term growth in the old predatory system; that's where the margers are coming from.
Consolidation via merger and downsizing followed by back-catalog exploitation isn't a growth strategy, it's an exit strategy for those unwilling to play by new rules. Adapt or leave.
This has happened before. It will happen again.
Sadly, this kind of move is no surprise:
http://www.mhpbooks.com/penguin-rand...on-warehouses/
And, equally sad, there is plenty more like that coming.