View Single Post
Old 01-19-2010, 02:10 PM   #1
anurag
Addict
anurag has a spectacular aura aboutanurag has a spectacular aura aboutanurag has a spectacular aura aboutanurag has a spectacular aura aboutanurag has a spectacular aura aboutanurag has a spectacular aura aboutanurag has a spectacular aura aboutanurag has a spectacular aura aboutanurag has a spectacular aura aboutanurag has a spectacular aura aboutanurag has a spectacular aura about
 
Posts: 236
Karma: 4066
Join Date: Feb 2009
Location: California
Device: Kindle 1 and DX, iPhone
Offline Book "Lending" Costs U.S. Publishers Nearly $1 Trillion

Quote:
Hot on the heels of the story in Publisher's Weekly that "publishers could be losing out on as much $3 billion to online book piracy" comes a sudden realization of a much larger threat to the viability of the book industry. Apparently, over 2 billion books were "loaned" last year by a cabal of organizations found in nearly every American city and town. Using the same advanced projective mathematics used in the study cited by Publishers Weekly, Go To Hellman has computed that publishers could be losing sales opportunities totaling over $100 Billion per year, losses which extend back to at least the year 2000. These lost sales dwarf the online piracy reported yesterday, and indeed, even the global book publishing business itself.

From what we've been able to piece together, the book "lending" takes place in "libraries". On entering one of these dens, patrons may view a dazzling array of books, periodicals, even CDs and DVDs, all available to anyone willing to disclose valuable personal information in exchange for a "card". But there is an ominous silence pervading these ersatz sanctuaries, enforced by the stern demeanor of staff and the glares of other patrons. Although there's no admission charge and it doesn't cost anything to borrow a book, there's always the threat of an onerous overdue bill for the hapless borrower who forgets to continue the cycle of not paying for copyrighted material.

...
From http://go-to-hellman.blogspot.com/20...-costs-us.html

Fun read.

Last edited by anurag; 01-19-2010 at 03:20 PM.
anurag is offline   Reply With Quote