View Single Post
Old 05-06-2020, 07:16 AM   #26
pwalker8
Grand Sorcerer
pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.pwalker8 ought to be getting tired of karma fortunes by now.
 
Posts: 6,624
Karma: 47893414
Join Date: Dec 2006
Location: Atlanta, GA
Device: iPad Pro, iPad mini, Kobo Aura, Amazon paperwhite, Sony PRS-T2
Quote:
Originally Posted by fjtorres View Post
Chapter 11 = Chapter 7 when big publishers are involved.

That's what killed Borders. They had buyers willing to pick up most of the chain (the profitable stores, anyway) but only with staff and stock included. The BPHs insisted on full price upfront for stock. With no agreement possible, the judge mandated liquidation.

Publishers expected B&N to inherit the bulk of the customers since 75% of Borders sites were within a mile of B&N stores. However it was Amazon that made out like bandits, inheriting the vast majority of Borders' market share. Apparently, most of the folks that shopped at Border did it because they wanted nothing to do with B&N.

Things might be different now in that there is no heir to the b&m crown but the publishers are in big trouble of their own.

Relying on the kindness of strangers isn't a good strategy in the publishing world.
Ah yes, those evil publishers actually wanted to be paid for the books they sold Borders. How could they, the cads!

I'm sure there were people who wanted to buy Borders as long as they didn't have to pay the bills that were due, but bankruptcy doesn't work that way.
pwalker8 is offline   Reply With Quote