Manhattan. Late October, mid-week, early evening. Jack and Paul are sitting at the bar at Hudson Malone, drinking Bulleit bourbon neat.
Then you have our industry.
It feels like the end of something.
You ever think about the exit?
The job. Like when are we done with all this nonsense?
Are you kidding me? I think about it all the time.
JACK: Still. Here we are.
Right? I mean, look at us. We’re grinding out a living in a minimum wage industry and the truth is neither one of us loves it anymore.
I never loved it. (BEAT) I liked the ratio of women to men. That’s it.
Not really. (BEAT) The truth is, it was never that kind of industry. I made assumptions at the outset that proved to be wrong.
You have to work for it here.
PAUL: In a way it’s remarkable.
The fucking advances, for one.
Escalating. With no end in sight.
Even as the market is contracting.
All of us chasing a mythical beast.
They sense our desperation.
They sense it and use it against us.
PAUL: I got a call from an agent last week.
Right? I mean these guys own the fucking pipeline.
Every time I answer the phone and an agent is on the other end my sphincter contracts to a pinhole.
Because you know what’s coming.
Yup. (BEAT) Though this one was out of the blue. “Mel Gibson,” he says. No “Hello.” No “How are you?” No “How’s the family?” Just that. A name.
“Possibly. What can you tell me about the project?”
“Nope.” (BEAT) “My client doesn’t want to put anything on paper.”
“It’s a matter of trust. He’s been burned before. I’m sure you understand.”
“But he is going to write a book?”
“Yes. A very good book. Explosive. Essential.”
“That’s not a lot to go on.”
“Those two adjectives will have to suffice.” (BEAT) “What else can I tell you?”
PAUL: “Did he actually call a cop ‘Sugar tits?’”
AGENT: “What my client has said in the past has been widely misread. He is a misunderstood figure. The book will be a corrective. He is a great actor and director, and a good man.” (BEAT) “Anything else?”
“I think you’ve told me enough.”
“Yes.” (BEAT) “This is essential information. Because you need to be in the neighborhood.”
So I ask him: “What’s the number?”
“Six million? Yowza.” (BEAT) “Tell me: how did you arrive at that valuation?”
“He’s six feet. I figure a million per foot.”
“There is no way Mel Gibson is six feet.”
“He’s five nine. I rounded up.”
“I met the guy in a green room. He’s like five feet tops.”
“Tell you what, if he’s under five nine, I’ll sell it to you for five million.”
“Yes. But only for you and as per our terms. Which we will keep confidential. We’ll call it our over under.”
“Will he be taking meetings?”
“Then how will I measure him?”
“You’re just gonna have to trust me.”
This is how deals get done.
We’re all complicit. We all play.
He calls me back the next day, says “The price is going up.”
“Did he get taller overnight?”
“That’s funny,” he says. Then, “There’s a lot of interest.” (BEAT) “Consider his history. Gallipoli. Mad Max. Lethal Weapon.”
PAUL: I had to think about that. I mean, they are good movies.
PAUL: So on the one hand you have his work on good movies, and on the other hand his binge drinking, misogyny, and anti-semitism.
JACK: Sounds like a helluva book.
But only if he gives us the pizza.
Right. You need the pizza.
So I pose the question, “Will he address the Trumpy stuff?” And you know what?
The fucking guy hangs up on me.
They always get their number.
JACK: Did we make the best choice?
The business. This business.
So what would you say to someone thinking about a career in publishing.
Kids come to see me all the time. I say to them “The outlook for book publishing could not be brighter.”
You don’t tell them that agents are crooks and the industry is dying.
Never. I encourage potential entrants without caveat. (BEAT) And, by the way, our industry isn’t dying.
PAUL: Seriously, it’s becoming a hard skill industry.
We need to be proficient in programming, math, accounting, statistics, technological literacy, etc.
Not what we signed on for.
We are soft skill guys. Always have been.
I mean when we landed this was fun.
They were joyful because we understood what the fuck we were doing.
The conversation wasn’t about analytics.
The conversation was about books.
Remember the long aisles of them at Crown?
The book run at Marshall Fields!
The days of monster end caps.
They looked like perfectly stacked boxes of cereal. My god they were beautiful.
That, my friend, was the heyday of book retail. Not now.
Seriously. Who do we have in our corner?
Some guy who looks like Jesus.
PAUL: You ever see a clean stack line in an indie?
The stores all look a little disheveled.
Like my mother-in-law’s fucking attic.
JACK: I miss the big guns.
“Books cost too much!” That was Crown’s motto. Ahead of his time, that guy.
Walden was twenty-five percent of the market. Their initial buy on some big books was 250,000 copies!
Harry hated publishers. He thought we were all morons.
JACK: Did he live on a boat?
Who lives on a fucking boat?
In a movie. Does anyone you know live on a boat?
I think our head of sales lives on a boat.
PAUL: Good to have him back in the game.
JACK: They were some trio. Len. Bobby. Harry.
Like dealing with the fucking mob.
“Whatever you need.” Those guys and those days.
When scale meant something.
The days of load ‘em in, stack ‘em up publishing.
When we beat readers to death with books.
Then in the evening, we’d go out and get bombed with accounts.
Boy did we have some big spend dinners.
I remember drinking magnums of Barolo at Sparks.
Big cabs at Smith and Wollensky.
No one ever looked at expense reports.
We didn’t even have finance guys.
Everyone owned by fucking conglomerates.
Corporate goons tracking everything.
I bet there’s some gangbanger in Gutersloh staring at an excel spreadsheet right now, putting in a killshot for Marea.
JACK: Remember when there were stores to shop in?
PAUL: Stores full of people.
People had money to spend.
Online hadn’t subsumed brick and mortar.
Business was so good editors were coking up at their desks.
C-suite guys fucking in the office.
There were reporters covering our industry when we actually had shit to hide.
Kirkpatrick, that pendejo.
Now look at what we’ve got.
A disgruntled subset of journalists.
All of their heads on the chopping block.
Has to inform their work.
Oh it does. No one digs anymore. They basically phone it in. Post press release copy.
When was the last time you faced a round of hard questioning from a reporter?
We feed them lines of shit and they print it.
The mythic first printings.
You know what our industry needs?
JACK: The scariest monster of all.
You hearing what I’m hearing?
About their plans for retail?
They’re opening physical bookstores. Everyone knows that. Plus the Prime bullshit.
They’re going to scale up.
They see an opportunity. You remember Bezos saying years ago that physical retail is well served, right?
And that for Amazon to enter that space, he’d need to answer three questions: “What’s the idea? What would we do different? How would it be better?”
He sees indies as a red ocean industry.
They represent communities.
And their people provide exceptional service to customers.
Bingo. That is the indie trifecta. (BEAT) Bezos sees all of those things as liabilities.
His is a machine driven vision. Think about it. He has algorithms that curate. He sees communities as transactional, simply a function of identifying real estate opportunities.
His is a knowledge universe. He’s going to wed curation algorithms to DMA transaction data and populate his stores with books he knows will sell.
And they don’t have to lift a finger.
Or do anything differently.
The people in his stores? Wallpaper. You see where this is going?
Oh my god. His blue ocean is a physical bookstore without booksellers.
Exactly. The Amazon stores are going to be staffed by Echo.
And run by Alexa. (BEAT) Fucking machines.
The death of human interaction.
PAUL: As an industry, we’re not very good at predicting how things will turn out.
All the pundits were wrong about digital.
They said the business would be all digital.
HELLO. None of these fucking morons predicted a resurgence in physical books.
And now they’re all like, “Physical books are here to stay, blah blah blah.”
They could be wrong again.
Of course they’ll be wrong again.
Where do you see it going?
Five years from now we will be living in the era of monolithic retail. There will be one store for everything.
OK, maybe not them. Maybe someone else.
You would think those guys at the Alphabet could figure this thing out, make a run at Seattle.
I mean they have the resources.
And they figured out Apple music.
But I can’t say I’m confident about either.
Listen, I love the indies as much as you, but you know, that’s not how I see this thing going.
I mean, we’re both indie guys.
Some of our best friends are indie booksellers.
That guy with the giant feet.
Think about the people in the indie community and their commitment to us.
It is remarkable. (BEAT) But is it enough?
I don’t know. I have a bad feeling about all of this.
I think we’re gonna take it on the chin someday. I just don’t see a way around it.