Preserving Digital Video

My place of work is looking to acquire educational videos in a digital form with an eye towards long-term preservation. At this point we receive a physical form (preferably DVD, but sometimes VHS) and digitize it to a very lossy access format (RealMedia, in this case). With this change, we would get a preservation-worthy digital copy from the producer/distributor and forego the physical version.

There is quite a lot written on preserving video, but I wanted to distill the requirements down into statements that vendors could reasonably provide today. I think these are pretty sound requirements, but I’m looking for feedback. In particular, I’m not quite sure how to handle the transfer of closed caption text from the publisher/distributor; suggestions are welcome.

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