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> same 'ol trope of leveraging capital to take future returns wildly disproportionate to the value actually added As far as I know, book publishing isn't a hig
by triceratops 3y ago
> same 'ol trope of leveraging capital to take future returns wildly disproportionate to the value actually added
As far as I know, book publishing isn't a high-margin business. Fronting capital to publish an author is quite risky and they deserve to make a profit. What they cannot be allowed to do is choke off ownership and make us all renters.
- darby_eight 3y ago> As far as I know, book publishing isn't a high-margin business. E-book publishing certainly is or there would be more bullet points to add to my comment above. The only way this could not be the case were if they were addicted to investing in authors that didn't produce revenue—certainly possible, but I don't see any indication of this.