Quote:
Originally Posted by Shades
True, but why keep them around for years after the sale? They more than likely had other intentions for the brand.
It's just too much of a coincidence in my opinion that three eBook stores closed after Agency went into effect.
|
Having worked on several deals like the B&N-Fictionwise deal, it is quite likely and possible that the sellers of Fictionwise insisted as part of the sale "price" that the store be kept open for a certain time period. This is not unusual when small businesses sell to larger businesses as the small business owners think that if their company can be kept profitable, their "child" will continue to live and thrive.
Regardless, I find it interesting how easily people impose their preferred theories as "facts" to situations about which they have no information.
It is worth noting, as long as we are imposing our own beliefs, that many of the people who bought at Fictionwise were not B&N customers. It is as likely that B&N kept Fictionwise going in hopes of moving Fictionwise customers to become B&N customers.
In the end, B&N was selling the same books as Fictionwise and likely saw Fictionwise as an unneeded sales path.