I mentioned in a earlier post regarding book market and returned books sa factor. I found the following on the TSR Inc. Wiki regarding Random House returning unsold novels.
" These and other factors, such as a disastrous year for its fiction lines in 1996 (over one million copies of tie-in books for various game lines were returned to TSR that year), led to TSR ending accumulating over $30 miillion in debt by 1996, and having to endure multiple rounds of layoffs.[10]"
Edit: and the following on the Lorraine Williams Wiki in the fall of TSR section.
" Despite total sales of $40 million, TSR ended 1996 with few cash reserves. When Random House returned an unexpectedly high percentage the year's inventory of unsold novels and Dragon Dice for a fee of several million dollars, TSR found itself in a cash crunch."
I still wish I could find the orignal source regarding the above.
" These and other factors, such as a disastrous year for its fiction lines in 1996 (over one million copies of tie-in books for various game lines were returned to TSR that year), led to TSR ending accumulating over $30 miillion in debt by 1996, and having to endure multiple rounds of layoffs.[10]"
Edit: and the following on the Lorraine Williams Wiki in the fall of TSR section.
" Despite total sales of $40 million, TSR ended 1996 with few cash reserves. When Random House returned an unexpectedly high percentage the year's inventory of unsold novels and Dragon Dice for a fee of several million dollars, TSR found itself in a cash crunch."
I still wish I could find the orignal source regarding the above.
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