Terry Frazier on Nostr: Publishers are shortsighted - both book and music. This is the Don Henley problem, ...
Publishers are shortsighted - both book and music. This is the Don Henley problem, where Henley foolishly tries to equate every listen on a song or partial song to a lost album sale.
That's not how it works. Most people who have the money to own something like a book or CD prefer to own it. If they don't prefer to own it they prefer to pay a streaming service (Spotify or kindle Unlimited.) People who lack the resources to own a book or CD are not potential customers anyway. By striving to ensure no one ever hears an Eagles song before they pay for it Henley essentially throws away the best marketing tool he has ever had - his own music. As a result, the popularity of Henley's music is likely to decline much more rapidly over the years than musicians with more relaxed policies. The same goes for books. Lending, in a proper structure, creates and prolongs interest rather than negatively impacts sales.
I don't know who in the Open Book Project got the bright idea to institute unlimited lending in the National Emergency Lending effort. That was a very dumb, avoidable and costly mistake.
That's not how it works. Most people who have the money to own something like a book or CD prefer to own it. If they don't prefer to own it they prefer to pay a streaming service (Spotify or kindle Unlimited.) People who lack the resources to own a book or CD are not potential customers anyway. By striving to ensure no one ever hears an Eagles song before they pay for it Henley essentially throws away the best marketing tool he has ever had - his own music. As a result, the popularity of Henley's music is likely to decline much more rapidly over the years than musicians with more relaxed policies. The same goes for books. Lending, in a proper structure, creates and prolongs interest rather than negatively impacts sales.
I don't know who in the Open Book Project got the bright idea to institute unlimited lending in the National Emergency Lending effort. That was a very dumb, avoidable and costly mistake.
quoting nevent1q…8f3rTHE INTERNET ARCHIVE has lost a major legal battle—in a decision that could have a significant impact on the future of internet history. Today, the US Court of Appeals for the Second Circuit ruled against the long-running digital archive, upholding an earlier ruling in Hachette v. Internet Archive that found that one of the Internet Archive’s book digitization projects violated copyright law.