Thread: Slothful Publishers?
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Old 07-01-2016, 07:41 AM   #26
Nate the great
Sir Penguin of Edinburgh
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Quote:
Originally Posted by HarryT View Post
Picking an example at random of one of the "Big 5", these are Hachette's revenue figures for the last 5 years:

2011: 2038 (millions of Euro)
2012: 2077
2013: 2066
2014: 2004
2015: 2206

(Source)

Those don't look like the figures of a business that needs to change. Revenue is stable and, indeed, increased by 10% in the last year. Large companies tend to be risk-averse. Their current business model is clearly working well for them at the moment.

I should add, by the way, that I'm in no way disagreeing with you. Just saying that it's understandable why they should see no need to change a way of doing business that's working well for them.
Revenue is only stable because they have been buying other publishers.

Their market share is shrinking, and they're not signing as ,amy new midlist publishers as they used to.
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