Random House and Penguin Merging Pricing Models for eBooks
December 3, 2015
After their merger a couple of years ago, Random House, owned by a private German media firm called Bertelsmann, and the Penguin Group maintained separate and very different eBook licensing models for the library market. It seems that has changed. Starting in the new year both companies will offer eBooks with permanent licenses (Random’s practice) with prices somewhat reduced from what Random House had been charging (generally $65 per title vs. the standard maximum today of $85). Read the PW article here.
The response by ALA President Sari Feldman has been as follows:
“Libraries will be pleased that the combined Penguin Random House license will ensure perpetual access to e-titles, and all will be glad the previous ceiling of $85 per title has been reduced,” said ALA President Sari Feldman. “But I also know many of my colleagues will miss the flexibility of paying near-consumer prices for e-copies they may not wish to maintain indefinitely, and some will be unable to afford to provide access to the ebooks their communities seek.”