KKR purchased Overdrive on Christmas Eve and now own the largest digital distributor for public libraries all over the world. They also own RB Digital, which is otherwise known as Recorded Books, a purchase they made in 2018. It looks like in 2020, KKR is dominating the library space and there are few competitors left. OverDrive has a worldwide network of 43,000 schools and … [Read more...] about KKR is turning into a library juggernaut
Digital Library News
Rakuten sells Overdrive to KKR
Rakuten purchased Overdrive in 2015 for $410 million dollars and it looks like the company has been underperforming. Rakuten has just sold Overdrive on Christmas Eve to KKR. This company is no stranger to the library scene, they purchased RBmedia last year, which serves magazines, comics, ebooks and audiobooks. They also have a stake in Audiobooks.com, Pandora, WebMD, UFC, … [Read more...] about Rakuten sells Overdrive to KKR
Overdrive Libby now has push notifications
Overdrive Libby is a relatively new app for Android and iOS that focuses on reading ebooks and listening to audiobooks. There is a new update that introduces push notifications, so you never have to worry about missing a hold or worrying about when a digital book is going to expire again. Push notifications can be enabled or disabled by the user and can some of the new … [Read more...] about Overdrive Libby now has push notifications
Overdrive is launching Hold Redelivery soon
Overdrive is the company that powers the vast majority of the public library systems digital catalog, they have an insane market share not only in North America, but Europe too. They are in the process of launching a new feature called Hold Redelivery will allow users to suspend a hold even after it’s made available to them while maintaining their place on the waitlist. By … [Read more...] about Overdrive is launching Hold Redelivery soon
Big 5 Publishers Digital Lending and Purchase Models for Public Libraries
Public libraries in the United States, who have a audiobook and ebook collection, have to deal with all of the big five publishers. Each publisher has different terms and conditions, as well as pricing. This can create headaches for collection managers. Some books can 1200% more than what people pay on Amazon for the same title, while others expire after a certain number of … [Read more...] about Big 5 Publishers Digital Lending and Purchase Models for Public Libraries
Publishers, stop price gouging Canadian ebooks
Publishers are in the position where they can dictate the terms of how much they sell digital books to public libraries. Most charge 2x to 5x the retail price that you would pay on Amazon, a bestseller would often cost a library $60 each and they expire after a certain number of loans or in two years, whatever comes first. Good e-Reader has a very comprehensive data that was … [Read more...] about Publishers, stop price gouging Canadian ebooks
Macmillan CEO defends Library ebook embargo as boycotts mount
A delegation of state librarians met with Macmillan CEO John Sargent last week and the publisher reiterated their claims that new ebooks in the library are hurting their sales. Macmillan has concerns that ebook sales are rising in public libraries but declining with consumers. Sargent stated that a new digital book release was akin to a new movie hitting theatres and they have … [Read more...] about Macmillan CEO defends Library ebook embargo as boycotts mount
Free Library of Philadelphia stops selling cards to non-residents
The Free Library of Philadelphia is the 14th largest library in the United States and for almost ten years they have offered a paid library card system, where non-residents can pay $50 per year and borrow auadiobooks and ebooks online. This is similar to the Orange County Library System, Fairfax, Free Library of Philadelphia and many others. In an email to people who paid for a … [Read more...] about Free Library of Philadelphia stops selling cards to non-residents
These are the most checked out library books in New York
New York and the 5 boroughs have vastly different tastes when it comes to borrowing books from the public library. We have received new data from all of the different library systems to give you a sense on what people are borrowing and reading. One of the most interesting aspects of this list are that 1984 and Fahrenheit 451 top most of the lists. This is because in all … [Read more...] about These are the most checked out library books in New York
Libraries positively impact retail ebook sales
There is a growing negative sentiment that when libraries loan out print or ebooks, that it cannibalizes retail sales. This is why Macmillan took the unprecedented step in only allowing libraries one digital copy of their new ebooks and embargoed additional copies until eight weeks later. Libraries and distributors such as Overdrive, Bibliotheca and Hoopa have publicly stated … [Read more...] about Libraries positively impact retail ebook sales