It doesn't work. It's been tried by numerous companies but they just don't get the sales and either end up backrupt or abandoning that tactic for more of a compromise. The fact is the majority of people want multiple language options and have spoken with their money. Bilingual is the best because then everyone is happy, the subbies get their subs, the dubbies get their dubs and I'm ecstatic because I love both.
I figured that the only people who would be willing to pay high prices for anime would be hardcore fans and hardcore fans typically prefer things more pure. I just assumed that the biggest problem is the anime industry trying to achieve mainstream success in the West rather than being happy with their smaller, hardcore audience. Of course, I know very little about anime fan demographics and sales figures, so I could easily be wrong.
Sub-only stuff really only brings in the hardcore fans, but the problem is their income alone is not enough for the company to profit from a series after what it cost to buy the rights to release the series, this is really what drives up anime's domestic price the most here in the states. They also need to attract sales from the regular fans as well, and the light casual fans if they want profit. If they don't get profit they don't have funds to buy the next series.
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