Andy Updegrove writes "For a few years now we've been reading about the urgency of adopting open document formats to preserve written records. Now, a 74-page report from the Academy of Motion Picture Arts and Sciences warns that digital films are as vulnerable to loss as digitized documents, but vastly more expensive to preserve — as much as $208,569 per year. The reasons are the same for video as for documents: magnetic media degrade quickly, and formats continue to be created and abandoned. If this sounds familiar and worrisome, it should. We are rushing pell-mell into a future where we only focus on the exciting benefits of new technologies without considering the qualities of older technologies that are equally important — such as ease of preservation — that may be lost or fatally compromised when we migrate to a new whiz-bang technology." Here's a registration-free link for the NYTimes article cited in Andy's post.