Random House drastically raises the price of ebooks for libraries

Oddly, Random House deciding to triple the price of its ebooks for libraries is being considered a compromise. While others, like Penguin, are pulling their electronic tomes from the virtual shelves of our lending institutions, Random House is at least willing to still play ball -- even if it's making its wares prohibitively expensive. Now titles from the company start at $25, with many popular books going for more than $100, though, releases are available on day one and wont have an expiration date. Obviously, the fact that ebooks can be pirated and never need to be replaced as their pages tear or bindings wear down is of concern to publishers that are losing out on a continuous stream of revenue. However, many of our libraries are underfunded and will likely balk at the new sky high prices. But, we suppose, a higher one-time cost is easier to swallow than an annual licensing fee.Random House drastically raises the price of ebooks for libraries originally appeared on Engadget on Mon, 05 Mar 2012 02:02:00 EDT. Please see our terms for use of feeds.Permalink TechCrunch | The Digital Reader | Email this | Comments Continue reading at 'Engadget'

[ Engadget | 2012-03-05 00:00:00 UTC ]

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