Quote:
Originally Posted by Manabi
Of course, long term, the day comes when the entire back catalog has been digitized and growth plummets. This strategy is going to help them win the battle (short term profit) but lose the war (long term profit). Not a good long term strategy at all.
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Giant multinational CEOs live quarter to quarter: their idea of long term strategy is surviving until their golden parachutes vest.
For the BPHs, living off the backlist is heaven: all income is overhead free, and there are no authors or staff to worry about.
