Engadget post time: May 02, 2013 at 03:32AM
If you’re still balking at the cost of download-to-own e-books, and would rather stick to the tried-and-true library lending system, then this Hachette news is for you. Come next Wednesday, the entirety of Hachette’s ebook catalog — over 5,000 titles — will be made available to nonprofit libraries throughout the US. The announcement and finalized pricing model follows two years worth of pilot testing, during which the publisher examined ebook consumption and lending habits at select libraries. Under the currently set terms of sale, e-books that bow in tandem with print editions will run three times the price of their physical counterparts for “single-user-at-a-time circulations, ” with prices falling to just one and a half that of the hard copy one year later. By Hachette’s own admission, this pricing scheme is not entirely set in stone — the company plans to continually reevaluate the model on a per-year basis. So, there’s hope yet the publisher will gouge libraries a bit less for the perks of e-borrowing.
Reference source: Engadget