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  2. Jan 2024
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    1. Substack insists that advances are determined by “business decisions, not editorial ones”. Yet it offers writers mentoring and legal advice, and will soon provide editing services.

      Some evidence of Substack acting along the lines of agent, production company, and studio. Then taking a slice of the overall pie.

      By having the breadth of the space they're able to see who to invest in over time, much the same way that Amazon can put smaller companies out of business by knocking off big sales items.