Offline Book “Lending” Costs U.S. Publishers Nearly $1 Trillion

Standard

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”.

via Go To Hellman: Offline Book “Lending” Costs U.S. Publishers Nearly $1 Trillion.

Advertisements