This is one of the Ur-dreams of librarianship, what Brewster Kahle of the Internet Archive calls "universal access to all human knowledge." Today's Internet was shaped by people who share the dream. It's a beautiful one.
Each volume so reduced in size is housed in a sealed cartridge not much larger than a 12-gauge shotgun shell. When desired for reading, it is inserted in a small cabinet, the light turned on, and the copy is projected upon a screen, enlarged to comfortable reading size and unaccompanied by glare...Canned Libraries Open New Vistas To Readers (Aug, 1936)
One of the greatest advantages of film books is that small schools and libraries with limited space and money can afford to have all the material which is now available only in the large cities. Files of perishable newspapers can be photographed and thus preserved indefinitely. The cost of making film books will be much below that of printing regular books and their small size also eliminates the storage problem.
I write books. My latest is a YA science fiction novel called Homeland (it's the sequel to Little Brother). More books: Rapture of the Nerds (a novel, with Charlie Stross); With a Little Help (short stories); and The Great Big Beautiful Tomorrow (novella and nonfic). I speak all over the place and I tweet and tumble, too.