Originally Posted by fjtorres
.... HC isn't going bankrupt any time soon.
But their importance to the market is going to slowly fade away as they trade unit sales for gross margins and their net goes down.
Expect the BPHs to publish less and less new titles and rely more on more on backlist until the beancounters pull the plug on the pbook side and the companies become IP management operations rather than distributors of new content.
The trends are there.
Sixty percent has become thirty and is headed for 25 real soon.
They'll probably stabilize at about 15% in a decade or so which means still more consolidation, more layoffs, more personnel forced into freelancing for Indies.
Agency does mean higher prices because without the higher prices their overlords will get angry and they really don't want to see them angry.
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