Word: backlist
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There is no underestimating the threat that all this free file sharing poses to existing business models. There are as many as 1 billion music files available on Napster users' computers--a good chunk of the music backlist that record labels own and have traditionally profited handsomely from. Forrester Research last week unveiled a study predicting that within five years the music industry will lose $ 3.1 billion to piracy and the newfound independence of musicians. The music labels tried for a while to convince themselves that online piracy was a young person's sport, something that would be outgrown, like...
What's next? Franklin chairman Morton David talks about issuing half a dozen new titles each year and developing a backlist of best sellers. But his market may be threatened by the next technological advance...
...these the makings of another '50s-style 3-D movie boom? Probably not. The backlist of conventional 3-D films is still pretty limited, and titles like It Came from Outer Space and Friday the 13th Part 3 have not improved with age. Imax Systems has installed a 3-D theater in Vancouver and has plans to build two more, in Galveston, Texas, and Taiwan, but there are no plans yet to put them in typical suburban malls. Moreover, as glorious as the new technology may seem today, it is likely to be perceived by an increasingly jaded public...
...this came as one more piece of bad news to U.S. publishers, already whipsawed by inflation and recession. The IRS edict made it more costly to maintain backlists, the reserve of older and usually high-quality books that sell slowly but steadily year after year. To such houses as Knopf, Random House, Houghton Mifflin, Scribner's, and Little, Brown, backlists confer a sense of tradition and continuity whose value cannot be entirely tallied in dollars. Says Knopf Editor in Chief Robert Gottlieb: "Our intent is to keep our backlist in print as long as possible and to make those...
...longest sellers. Though it takes from three to ten years to prepare a good textbook, once it wins educators' approval it sells for years with only periodic revisions. Last year 94.7% of Harcourt, Brace's school text sales and 80.3% of its college sales were from its backlist...