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Massive Book Sales lost by people using ‘Book Loan’ scheme

Autor brendon

I love this, with the proliferation of eBooks someone has looked into the state of book distribution, sales and ownership as the RIAA would. They have raised a very important point. Book publishers are losing billions of dollars every year due to the practice of ‘book lending’. Society has become blasé to the questionable practice of loaning books from a library. A single book is purchased from a distributor and then without royalty or fee, read multiple times by people. Consider for a moment, the poor artists writers. They get no additional revenue from multiple readings their work. If this were music, it would be argued as illegal!

Someone decided to do an RIAA style study of online sharing of books. In response, Eric Hellman has done up an awesome article about the implications of physical book loaning. Consider the fact that as few books are released in digital format, a physical book must b purchased to create the digital version. Almost sounds like the same thing a library does… (almost)

My personal opinion is still the same, make the content available for people at an appropriate price and most will do the right thing by you. Publishers should embrace the change because there is NO WAY they can stop it.