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Margaret Tobin's avatar

Amazingly comprehensive column this week! Thanks so much!

JTB's avatar

Very well-written, this was great.

Here's the thing. There are reasons GW doesn't just have always available stock, including special and premium editions. But I have never seen reasons that are persuasive enough to convince me that there is good justification for not doing it. Not even close.

GW is valued at 6.3 billion. Annual profits exceed 260 million. BL sales are a tiny fraction of that, but only because GW chooses to scale it that way. Smaller product numbers equal smaller sales. Pretty simple.

But that's because this model is deliberate scarcity. Premium inventory is expensive, warehousing is costly, *but only because they've intentionally chosen to scale it that way.* "Oh but that's because the center of the ecosystem is miniatures." Yes, of course it is. *But that's also a choice* not something GW was forced into adopting. Yet they don't scale miniatures and books the same way, so why do we do it in our theorizing of why there's so much scarcity on the literature side? (Not saying that you do, I should note; this is a general observation). It's not *more* costly to sufficiently inventory and distribute books than to inventory and distribute miniatures! That's utterly absurd.

There's clearly sufficient demand. If production costs increased, so would sales. This should be inarguable. Sales would never come close to competing with the gaming side, but so what? It's still profit. It's the same company for god's sake. What really gets lost with sufficient stock is the drama of this game every year. That sense of urgency, pre-order spikes, collector prestige, "I got one" status.

So what does this tell us? Scarcity is what they are actually selling. Luxury watches, limited edition sneakers, LE vinyl. Black Library special editions and limited time availability for most paperbacks.

Which, sigh. That seems to be much of what it means to be a fan of Warhammer novels within the logic of the overall Warhammer ecoverse. You can always buy cheaper e-versions of the literature. But the way the literature is the reverse side of the Warhammer coin (where the miniatures are the obverse side) is to buy physical copies, particularly special editions. It would literally only cost them a few million more pounds to have sufficient stock on hand. But then the physical books would supposedly not be as special anymore? Which I'm just not sure about.

Here's my preferred model:

Most titles: first 2,500 copies: signed, numbered, true limited edition

Next 30 days: made-to-order premium edition, unnumbered or differently marked.

Afterward: regular hardback/paperback/ebook/audiobook kept available.

But anyway. Love all your content. Glad to keep coming back to read.

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