Libraries can once again offer Penguin’s ebooks to their users on the same day that the hardcovers are released, reports the Associated Press. Beginning Tuesday, libraries will no longer have to wait six months after the hardcover release date.
The AP further reports that Penguin’s ebook pilot programs with libraries have shown that the “effect of library downloads on commercial revenues has been acceptable.”
Libraries will be charged the same as consumers, but, according to American Libraries, Penguin is expected to impose a one-year expiration date.
This is the opposite of the Random House model, which charges more to libraries than consumers, but for an unlimited period. Since the two companies are merging, many wonder which approach will prevail.