Amazon is reportedly negotiating to acquire MGM for about $9B

Re:Amazon is reportedly negotiating to acquire MGM for about... by ghaff on Tuesday May 18, 2021 @10:28AM (#27195010)

Book publishing is a rather fragmented market and a lot of the growth is in self-publishing, which Amazon already own a big chunk of in various ways. I'm not sure why Amazon would have any interest in an old school publisher.

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Re:Amazon is reportedly negotiating to acquire MGM for about... by kingsuper20 on Tuesday May 18, 2021 @10:40AM (#27195201)

You can make the same argument about buying MGM.

Looking at Publishers Weekly, I see this:

"An important driver of print book sales last year was the continuing increase in backlist sales, McLean said. Backlist titles accounted for 67% of all print units purchased in 2020, up from 63% the year before. In 2010, backlist accounted for only 54% of all unit sales. " https://www.publishersweekly.com/pw/by-topic/industry-news/b...

I think you could make a strong argument for buying a large publisher (or anything really) given a good ROI.

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