Book of the Month pulls in around $70 million a year as a long-running subscription service. Malcolm Gladwell's Next Big Idea Book Club could guarantee a book's success by buying 100,000 copies at once. Reese Witherspoon's book venture was also profitable.
It's called Book of the Month, and it's like a company that's been around for like 50, 60, maybe even 100 years. I think right now, last I heard, they're in the $70 million range of revenue. I think Reese Witherspoon had one too that I think was profitable.
And then there's, uh, the Next Big Idea Book Club, uh, which I think Malcolm Gladwell is an investor in. And that used to be like a way that you would guarantee a book's success would be if you were selected to one of those clubs because they might buy 100,000 copies or something.
