Macmillan is the latest big publisher to announce an adjustment of their library ebook terms, this time in a letter from ceo John Sargent to authors and agents. Their policy has a twist to balance protecting sales with “ensur[ing] that the mission of libraries is supported”: Exactly one copy of every ebook will be available to each library system for purchase upon publication for $30, which is half the current library price, and that one copy will be available in perpetuity, for unlimited one-at-a-time lends. But any additional copies of their new-release titles will be windowed for 8 weeks after […]
