Quote:
Originally Posted by darryl
@pwalker8. A mere $15.7M dollars! If only. But you are right about Fictionwise. As I said agency probably didn't cause its demise. B&N did. What I expect happened is that B&N had plans for Fictionwise which it abandoned. What role agency played in B&N's decision I don't know. However, I do suspect that it probably played some role if B&N had been playing to grow the Fictionwise business, as a business based on discounting does seem to be in a little bit of trouble if it can no longer discount. Though as part of B&N it probably would have had better luck sourcing Big 5 ebooks than Books on Board did. However, B&N may well have abandoned its plans for Fictionwise well before agency.
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Yea, well for us mere mortals, $15.7 M is serious change, but take a look at what some of the big business have paid to buy various companies sometime. $15.7 M is way down there. One of my earliest jobs was working for a start up computer company providing access to legal databases. Their whole business model was getting bought out by one of the big boys (they were eventually bought out by Westlaw).