>>10594027Building off what I said more cuz character limit is 2k here.
That's not even getting into the Amazon dumps. The Q3 report last year reported over a million bucks of physical product sitting in warehouses they pay rent on. This was AFTER a back breaking Amazon dump where they flood the online storefront with tons of boxes of product at an individual price lower than LGS's can get in bulk directly from distributors. This shocks the market and kills any upward trajectory that the set would've had. Leaving LGS's to keep their capital in devalued product, but be compelled to buy a certain amount more of each new set (up to 10 or more a year last 2 including supplementary sets/products) as per contract. With so much back product, everyone knew they'd keep dumping and they have. So now less people buy and pre-order, waiting out the product to see if it'll drop. LGSs now panic when a set shits and race to the bottom like they did for Commander Masters to get ahead of the inevitable Amazon dumps.
And in MULTIPLE statements, they have asserted that NO, they will NOT reduce the sets released. NO, they will NOT cut back on quantity of initial print amounts to tighten the print runs and prompt a healthier environment for sealed products. In fact, they plan so much crossovers, and thus even MORE additional supplementary product on top of modern and Masters sets, that you can't even BEGIN to fathom it. The state of the game is more dire than people may suspect. And Bank of America was right to downgrade their stock TWICE, wrong to upgrade it just cause Lord of the Rings with a lottery ticket serialized One of One 2.6 Million dollar Ring card in it sold inevitably well, and right to immediately downgrade it again very soon.
This will happen to whatever you love that they own. Their new programs and entertainment divisions should inspire NO confidence or hope. Especially considering they instantly sold off the studio they made to make that DnD movie no one I know saw.
