Penguin to Revise eBook Lending Terms With Libraries

Publishing house Penguin will be revising its terms of agreement with regards to offering libraries eBooks and new titles will be available immediately.

In 2011, publishing house Penguin revised its terms and stopped offering libraries its new eBooks owing to "concerns about the security of digital editions." This led to the publishing house ending its relationship with digital library distributor OverDrive and began running eBook trials with two new library distributors - Baker & Taylor and 3M.

However, in a new press release Wednesday, Penguin announced that it will be revising these terms again and the eBook version of its new titles will be available to libraries immediately, effective April 2.

 During its trial run with Baker & Taylor and 3M, Penguin analysed to see if the borrowing of eBooks was cutting into the sales of paid books. However, they found that "the effect of library downloads on commercial revenues has been acceptable."

"Penguin is proud to make all of our eBooks available to library patrons," Tim McCall, Penguin's VP of online sales and marketing, said in a statement. "After careful examination of our pilot programs, we are ready to take the next step and offer what consumers and libraries have been asking for, thus fulfilling our mission to bring new writers to readers."

Also, during the trial Penguin allowed libraries to lend each of their eBooks to only one person at a time and according to the terms, after a year, the library had to buy a new copy of the eBook. The price would be the same as for retailers.

Since Baker & Taylor and 3M do not support the Kindle Fire device format, eBooks for these two libraries will not be available to Kindle users.

Penguin is not the only publishing house to pose restrictions on their eBooks for libraries. Random House, though makes its eBooks available to libraries immediately, charges them three times as much the price as they sell to retailers. HarperCollins allows libraries to lend each of its eBooks 26 times before the library has to buy a new copy. In a pilot program, publishing house Hachette made only certain titles available in the form of eBooks for libraries and charged them way more than the retail price. While Simon & Schuster doesn't offer its eBooks to libraries, Macmillan is currently running a two year trial where it offers 1,200 older eBooks to libraries.  

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