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Excerpt:
"...Right now fan fiction is still the cultural equivalent of dark matter: it's largely invisible to the mainstream, but at the same time, it's unbelievably massive. Fan fiction predates the Internet, but the Web has made it exponentially easier to talk and be heard, and it holds hundreds of millions of words of fan fiction. There's fan fiction based on books, movies, TV shows, video games, plays, musicals, rock bands and board games. There's fan fiction based on the Bible. In most cases, the quantity of fan fiction generated by a given work is volumetrically larger than the work itself; in some cases, the quality is higher than that of the original too. FanFiction.net, the largest archive on the Web (though only one of many), hosts over 2 million pieces of fan fiction, ranging in length from short-short stories to full-length novels. The Harry Potter section alone contained, at press time, 526,085 entries.
(See the top 10 movies based on kids' books.)
Nobody makes money from fan fiction, but whether anybody loses money on fan fiction is a separate question. The people who create the works that fan fiction borrows from are sharply divided on it. Rowling and Stephenie Meyer have given Harry Potter and Twilight fan fiction their blessing; if anything, fan fiction has acted as a viral marketing agent for their work. Other writers consider it a violation of their copyrights, and more, of their emotional claim to their own creations. They feel as if their characters had been kidnapped by strangers...."
Read more: http://www.time.com/time/arts/article/0,8599,2081784,00.html#ixzz1Rc6bodnl
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