There are many reasons why libraries are losing ground to e-books and audiobooks. For one, these materials are more expensive for libraries to purchase than consumers, and e-books are governed by digital locks that expire after a certain number of loan cycles. Secondly, libraries have to buy e-books more frequently than consumers, and they often pay upwards of $40 per title - sometimes even $100 for popular audiobooks.
Libraries pay more than we do for e-books
While digital copies of books may seem cheap, they are actually more expensive for libraries to purchase. Unlike their physical counterparts, libraries have to repurchase electronic books over again and make choices such as whether or not to renew the license after it expires. In many cases, libraries end up paying more than double for the same books than consumers do. This can be a serious financial burden for a library.
As a result, libraries have been complaining about rising costs and decreasing profits. While libraries object to these inflated prices, publishers are claiming that Libby has made it too easy to read books without buying them. In response to this criticism, Macmillan embargoed new e-book releases for libraries until late 2019, but reversed course citing the pandemic.
E-books come with digital locks that make them expire after a certain number of loans
E-books are digital versions of printed books. The digital version is created by converting a printer source file into an optimized format. The source file can be a database or a set of text files. In both cases, the resulting file must meet a strict set of requirements in order to be read and used in the e-book format.
In the digital world, libraries face many challenges. One of these challenges is how to get free copies of e-books without having to pay for them. Most e-books come with a digital lock that makes them expire after a certain number of loans or a set period of time. This can make e-books difficult to access for a wide variety of reasons.
The issue of e-book DRM has prompted an ongoing battle between publishers and libraries. Typically, a publisher grants a library the right to loan e-books for a limited amount of time or a certain number of times. In addition, publishers charge libraries several times the cover price of a print version of the book. Publishers argue that these markups are necessary to protect their intellectual property rights and to encourage them to invest in their work.
Libraries pay more than we do for audiobooks
According to a New Yorker article, libraries are spending more than we do on audiobooks and ebooks. This is because the cost of e-books and audiobooks has skyrocketed. Typically, libraries have to pay anywhere from $40 to $60 per title. They also have to pay for repackaging and disc replacement plans.
Publishers are trying to attract more audiobook buyers by making their audiobooks more appealing to libraries. However, there are several issues that are hampering the growth of audiobooks. One of the major concerns among librarians is the low royalties authors get from lending their books to libraries. To solve this problem, the Authors Guild has been fighting for higher royalties for authors.
Many audiobooks are sold by small, rural libraries. While many libraries still sell these books to consumers, others like Blackstone Audio and Macmillan have placed moratoriums on their sales to libraries. Blackstone Audio, one of the largest independent audiobook publishers in the U.S., declined to comment on the embargo.
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