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What's the point of hardbacks?

tomrowley.substack.com

Tom Rowley asks publishers, agents and the boss of the Booker why fiction still debuts in hardback when readers clearly prefer paperbacks. The answer is margin; the first edition is a “glorified marketing tool” for the paperback a year later. Indies are already breaking the pattern: Fitzcarraldo has always done paperback-first, and Faber recently published Eliza Clark’s “She’s Always Hungry” in both formats simultaneously. Fine for non-fiction and cookbooks. For a novel you want to shove in a bag, less so.