Penguin Random House has revealed its new terms of sale for e-book licenses sold to libraries. As of January 1, 2016, the newly merged publishing house will follow a perpetual licensing model.Under the new model, all adult and children’s frontlist and backlist e-books will be available for licensing without loan caps (as was previously the case for Penguin titles). The move will support long-term digital collection development for libraries.
Penguin Random House views libraries as a valued partner going forward, and is responding to some degree to the market’s ongoing concerns about ebook pricing and affordability. (School Library Journal)