The publishing industry has a gambling problem
Caiero Tuesday, October 07, 2025
Summary
The article examines the high-risk, high-reward nature of the publishing industry, where bestsellers can lead to massive profits but most books struggle to break even. It explores the industry's reliance on blockbuster titles to offset the financial losses of less successful books, and the resulting incentives that lead publishers to take big gambles on untested authors and books.
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