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Green Ronin Crowdfunding Legal Defense Fund In Fight Against Diamond Distrubutors
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<blockquote data-quote="JLowder" data-source="post: 9703992" data-attributes="member: 28003"><p>There are book remainder houses that pay pennies on the dollar for stock being blown out, typically because a publisher closes or the publisher's license with an author or licensor ends and they can no longer sell a title. This stock ends up at Half-Price Books or on the remainder/sale tables at the front of Barnes & Noble or at a discount/remainder chain or online reseller.</p><p></p><p>It works like this: If the book's cover price is $1, the remainder house pays, say, 5 cents for it. The remainder house then sells the book to a retailer for, say, 25 cents, and the retailer then puts it on sale for 50 cents. That's a bargain for the buyer, as it is 50% off full cover. For the publisher, getting only 5 cents is selling at a loss, but they are at least getting something rather than simply pulping/destroying the book, which they have to pay out to do.</p><p></p><p>If that happens to this stock, it will compound the damage to the publishers. The stock channeled through the remainder processes will likely end up being sold at some fraction of the cover price. This will undercut any full-price sales the publisher might make of stock they had at other warehouses or new copies of the works they print to replace the ones lost here. And, of course, they will receive nothing from the remaindered sales, either.</p></blockquote><p></p>
[QUOTE="JLowder, post: 9703992, member: 28003"] There are book remainder houses that pay pennies on the dollar for stock being blown out, typically because a publisher closes or the publisher's license with an author or licensor ends and they can no longer sell a title. This stock ends up at Half-Price Books or on the remainder/sale tables at the front of Barnes & Noble or at a discount/remainder chain or online reseller. It works like this: If the book's cover price is $1, the remainder house pays, say, 5 cents for it. The remainder house then sells the book to a retailer for, say, 25 cents, and the retailer then puts it on sale for 50 cents. That's a bargain for the buyer, as it is 50% off full cover. For the publisher, getting only 5 cents is selling at a loss, but they are at least getting something rather than simply pulping/destroying the book, which they have to pay out to do. If that happens to this stock, it will compound the damage to the publishers. The stock channeled through the remainder processes will likely end up being sold at some fraction of the cover price. This will undercut any full-price sales the publisher might make of stock they had at other warehouses or new copies of the works they print to replace the ones lost here. And, of course, they will receive nothing from the remaindered sales, either. [/QUOTE]
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