Feb 12, 2012
Publishers Continue to Drop out of the Library Ebook Market
A key issue that arose in each meeting is the degree to which “friction” may decline in the ebook lending transaction as compared to lending print books. From the publisher viewpoint, this friction provides some measure of security. Borrowing a print book from a library involves a nontrivial amount of personal work that often involves two trips—one to pick up the book and one to return it. The online availability of e-books alters this friction calculation, and publishers are concerned that the ready download-ability of library ebooks could have an adverse effect on sales.
Another factor in Penguin's decision was its displeasure with Overdrive's third party affiliations, especially with Amazon.
Our friends over at the Digital Shift have reported that Penguin is negotiating to allow the content that is already in libraries' catalog to continue to be accessed but there will be no more new content.
So what does all this mean for libraries? It means that they will be losing patrons who want to access digital media. They're going to point their Kindle Fires at Amazon (as if you could point those things at anything else) and buy their ebooks for competition killing low prices or rent them for even cheaper.
Cue tumbleweeds in library.
Librarian in Black has created a nice poster which can be downloaded to show your displeasure with publishing houses to your patrons.
Source paidContent.org, The Digital Shift, Librarian in Black