Penguin Random House has released new terms for e-book licenses sold to libraries.
Beginning on Jan. 1, 2016, all Penguin and Random House adult and children’s frontlist and backlist e-book titles will employ the same perpetual licensing model, which Random House has been using for years. Under the new model, libraries will own titles they purchase after January 1 in perpetuity.
The pricing will be variable and flexible. “Penguin Random House will continue to regularly adjust prices for public and school library purchase of individual e-books, with prices ranging from under $20 per title to a newly set maximum of $65 (both USD and CAD), reduced from the current cap U.S. $85/Canada $95,” the company explained in the release.