Control. Why can MacMillan dictate terms? Because mergers and acquisitions have reduced the playing field for Publishing.
What will happen going forward? I think the Big 6 will reduce in number. Why? Mergers and acquisitions will give the surviving publishers MORE control. So they can dictate terms more aggressively.
I think that the publishers only have a decade left. They are only middlemen for electronic media. We watch them attempt to force fit an archaic model onto a new reality. We watch them responding to their own desires instead of their customer's.
A new paradigm is coming that connects the content creators with the content consumers. The Big 6 Publishing houses cannot escape the evolutionary reality:
ADAPT OR DIE.
By their actions, you can guess their fate.
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