Why would someone go with Norton at a lower advance?
"Because we're fabulous!" says Glusman, who adds that he's "being quite facetious" about this. #DOJvPRH
"Because we're fabulous!" says Glusman, who adds that he's "being quite facetious" about this. #DOJvPRH
"And a result of Norton's reputation in the industry. . . Nortons ometimes wins as the underbidder even when bidding against Big Five publishers?"
"Correct." #DOJvPRH
"Correct." #DOJvPRH
Glusman references the same closing language as Walsh did, about agents/authors reserving rights to accept best deal. #DOJvPRH
Glusman says in some cases merger would drive prices higher. . . but in other cases, lower. As a competitor, "that would leave you a lower price." #DOJvPRH
He also said earlier that the Big Five "often overpay for books" -- something Norton doesn't do. #DOJvPRH
Glusman's testimony is complete. Now, 16 minutes of closed video testimony. #DOJvPRH
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