Quote:
Originally Posted by DiapDealer
What killed them was not being able to continue their discount program (Agency), and not having books to sell (no contracts for BPH titles).
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There are wholesalers for both paper and eBooks.
It's true that Fictionwise couldn't, for long, afford their
spectacularly unsustainable business model unless publishers gave them tremendously preferential deals over what small bookstores get from Ingram and Baker&Taylor.
Fictionwise never had an IPO. It was purchased by B&N, fourteen months after it's biggest acquisition (Motricity eReader), for $15.7 million. That's quite a small sum by internet standards and suggests to me that Fictionwise churned through its venture capital without ever becoming profitable.