Penguin Random House Reveals New E-book Terms of Sale for Libraries
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Under the new model, all adult and children’s frontlist and backlist e-books will be available for licensing without loan caps (as was previously the case for Penguin titles). The move will support long-term digital collection development for libraries.
Penguin Random House views libraries as a valued partner going forward, and is responding to some degree to the market’s ongoing concerns about ebook pricing and affordability. (School Library Journal)