Macmillan started a limited US eBook pilot program for libraries at the beginning of 2013. The company only contributed titles at first from their Minotaur imprint to gauge market acceptance to their terms and conditions. The publisher is very satisfied with the amount of capital they are gleaning their established relationships with 3M, Baker & Taylor and Overdrive. This has prompted Macmillan to open up their entire catalog of 15,000 eBooks, including ones that just came out.
Macmillan is one of the those publishers that took ponderous steps to fully accept contributing their eBooks to libraries. They originally started with around 1,000 titles from Minotaur Press and then in October 2013 contributed their vast backlist catalog. This week the company has announced that they will also start selling their frontlist, which is a fancy way of saying any new book that comes out, even bestsellers.
All of the frontlist titles will be available for libraries in the United States to start purchasing in early August. It is important to note that each title is going to cost $60 each, which is well beyond the $9.99 cover price found on Amazon. Once the digital title is bought, it is only good for 52 loans or two years of library ownership.
Alison Lazarus, President, of Macmillan Sales comments: “Librarians have been asking for our frontlist titles for their collections. With more than a year of our current pilot behind us and a better sense of the market, we feel comfortable expanding our offering to our full catalog.”
Libraries are clamoring for the oportonity to offer best sellers for all of their patrons, but the terms and conditions of publishers leave something to be desired. Simon and Schuster mandates that in order for libraries to buy their eBooks, they have to offer a BUY IT NOW button on their website. Macmillan is forcing libraries to pay almost $50 more than the cover price found on Amazon, B&N or Kobo.