(7 September 2018) In what the publisher called “good news” for libraries and their patrons, Penguin Random House has announced that as of October 1, 2018, the house is changing its e-book lending licenses for public libraries in the U.S. The shift moves access to book titles from a “perpetual access” model (where libraries pay a higher price but retain access to the e-book forever) to a “metered model” (with lower prices on e-books that expire after two years).
“PRH top titles today are capped at $65 for a ‘perpetual access e-book license. The new top price will be $55. Lower prices are a good thing—but a $10 drop is not enough librarians say, especially if they have the burden now of relicensing John Grisham titles,” Andrew Albanese, Publishers Weekly senior writer, reports.
Beyond the Book podcast has the news.