The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
This is to compensate for the royalties lost because the same book is lent out to many readers.
I'm not so concerned with intangible intellectual property, like music downloads. There are enough people making or hoping to make lots of money from this so revenue capture will be worked out eventually.
I'm mostly dealing with art where the thing itself (the artifact) is thought to have value. One can sell a copy of a painting or display it online, but only one owner can actually possess the original at a time. When the value goes up through sale then the artist or a proxy should share in this gain. Policies not Politics ---- Daily Landscape
If I sell a piece of art that someone sells on for an inflated price, then that increases the value of all future pieces of art that I produce, because a market price has been set for my work. Any idiot can face a crisis - it's day to day living that wears you out.
If you get lucky and buy a piece by Mr Upandcoming, hold on to it for a decade or two and then sell on an upswing of popularity, you can make millions.
Worse, if your surname is Saatchi, you can define the market and use it create millions by talking up artists you happen to collect.
(Until a lot of your collection disappears in a mysterious and unexpected fire. Allegedly.)
This game is played more often than you might expect.
The year 2000 movie 'Boiler Room' is fairly interesting on the business definition - and somewhat ahead of it's time. I got more out of it than 'Wall Street'. You can't be me, I'm taken
If I understand correctly in the UK libraries pay a fee to a clearing house that is then distributed to authors.
Yes, but it's not much. When I was getting five figure royalties for book sales, the most I ever had from PLR was £800, and that was a one off. A few years of £200 was more usual.
There's a fixed PLR pot and the most popular authors walk off with most of it.
Not that I'm going to complain about getting money for nothing, but it's an approach that needs fine tuning to support less successful authors - and indeed libraries in general, which are chronically underfunded in the UK.
by Frank Schnittger - Oct 2 4 comments
by gmoke - Sep 27
by Frank Schnittger - Sep 17
by Oui - Oct 7
by Oui - Oct 66 comments
by Oui - Oct 54 comments
by Oui - Oct 4
by Oui - Oct 41 comment
by Oui - Oct 31 comment
by Oui - Oct 24 comments
by Frank Schnittger - Oct 24 comments
by Oui - Oct 214 comments
by Oui - Oct 120 comments
by Oui - Oct 124 comments
by Oui - Sep 30
by Oui - Sep 303 comments
by Oui - Sep 2819 comments
by Oui - Sep 28
by Oui - Sep 276 comments
by Oui - Sep 271 comment
by Oui - Sep 263 comments
by Oui - Sep 266 comments