(17 Mar 2020) In a surprise announcement today, Macmillan abandoned its controversial embargo on new release e-books in libraries, effective this week.
“There are times in life when differences should be put aside,” reads a brief memo from Macmillan CEO John Sargent addressed to librarians, authors, illustrators, and agents. “Effective on Friday (or whenever thereafter our wholesalers can effect the change), Macmillan will return to the library e-book pricing model that was in effect on October 31st, 2019. In addition, we will be lowering some e-book prices on a short term basis to help expand libraries collections in these difficult times. Stay safe.”
The full report is here.