Evil Dave, I’m looking at it from a former employee perspective and most definitely all around wargamer perspective (with 16 years of addiction under my belt).
If they didn’t explain it that way at first to independent accounts then they screwed up. The last three years that I was with the company it’s exactly what they were saying. I was told off on almost my first day for bringing up the plastic should be cheaper thing.
And inflation in prices, well that’s something that happens isn’t it? Yes they are expensive, but so is a DVD, and that costs about 0.001p to produce. Yeah, there are other things involved outside of production, but the same is true with miniatures.
The Lord of The Rings profits bought GW a new, large and up to date office building in Lenton, an absolutely massive factory with the latest picking technology also in Lenton, expansion in their US head office and some sort of factory in China. It can\'t bite them in the ass because they have already benefited so much from it!
What it did was, for three years, create a huge peak in sales that could obviously not continue. If you look at sales for the first year after the LoTR bubble burst they are pretty much where they would have been had LoTR not happened and they had just continued their slow but regular rise.
This hurts the shares, and because certain numptys at GW didn\'t put enough thought into it, means that a lot of staff (who had been employed when things were sweet) had to be made redundant to lower operating costs again. It’s a shame that some people sacked were workers, and that people like Priestly, Merit and co whose job is to look like miserable motherbitches are still about!
Yes, LoTR probably won’t remain a main range for too much longer, but I bet if you ask the main moneymen at GW if they would do it again, having given them a completely effective truth serum, they would say ‘Hell yeah!”