E-tailers adopt pragmatic approach ahead of this year's '618'
Jun 11, 2024
27:17
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Experts Laiming, Niu Honglin, and Brandon Yates discuss publishing houses boycotting e-commerce platforms due to pricing issues. They also explore the film industry's shift in release strategies, analyzing reasons behind delays and rescheduling. The podcast touches on the significance of strategic movie release dates and consumer preferences in China's market.
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Quick takeaways
Modern publishing houses face pricing restrictions on online platforms affecting profitability.
Film industry adapts release strategies based on competition and audience preferences for optimized box office performance.
Deep dives
Striking a Balance Between Consumer Interests and Publisher Income
Leading publishing houses are protesting against online shopping platforms imposing extreme demands that limit their pricing flexibility. The publishers, including prominent names like Tsinghua University Press and Commercial Press, jointly announced a boycott of the upcoming shopping festival due to restrictions on price discounts. The pressure on publishing houses to sell at significantly reduced prices, between 20-30% of the original, has strained their profit margins, leading to concerns about sustainability in the industry.
Shift in Consumer Behavior and Challenges in the Publishing Industry
The publishing industry faces challenges amidst shifting consumer preferences towards e-books and online platforms, reducing physical book sales. With online sales contributing to 88% of total book revenue, publishing houses have become heavily dependent on these channels. The boycott by 60 publishing houses reflects the industry's struggle to adapt to demands from online shopping platforms and maintain profitability in a changing market.
Film Release Strategies in a Competitive Market
The podcast also delves into the film industry, highlighting the strategic release decisions made by filmmakers and distributors to maximize revenue and audience engagement. Films adjusting release dates based on competition, audience preferences, and market trends to optimize box office performance are common. The discussion emphasizes the competitive nature of the film industry, with movies vying for limited screening slots and adapting to evolving consumer behaviors and market dynamics.
Recently, several publishing houses announced to withdraw their promotion on an online shopping platform, which requires a low-price policy that they can't accept. How can modern publishing houses better develop in the online environment? / Sales figures suggest China's movie market is experiencing a post-COVID rebound, but why are more and more films delaying their releases from hot periods (18:33). On the show: Laiming, Niu Honglin & Brandon Yates
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