1Cecrow
I don't pretend to understand all the ins and outs of the issues in play, but instinctively I'm heralding this as good news for authors and readers:
https://www.cbc.ca/news/entertainment/penguin-random-house-simon-schuster-judge-...
"The DOJ instead argued that the new company would so dominate the market for commercial books — those with author advances of $250,000 and higher — that the size of advances would go down and the number of releases would decrease."
My worries weren't so much with the highest income authors (although their success is what funds the system), but with the small-time authors who aren't 'commercial' enough. Anything that squeezes them tighter is worse for literature.
https://www.cbc.ca/news/entertainment/penguin-random-house-simon-schuster-judge-...
"The DOJ instead argued that the new company would so dominate the market for commercial books — those with author advances of $250,000 and higher — that the size of advances would go down and the number of releases would decrease."
My worries weren't so much with the highest income authors (although their success is what funds the system), but with the small-time authors who aren't 'commercial' enough. Anything that squeezes them tighter is worse for literature.
