Macmillan Abandons Library E-book Embargo

“In a surprise announcement today, Macmillan abandoned its controversial embargo on new release e-books in libraries, effective this week.

“There are times in life when differences should be put aside,” reads a brief memo from Macmillan CEO John Sargent addressed to librarians, authors, illustrators, and agents. “Effective on Friday (or whenever thereafter our wholesalers can effect the change), Macmillan will return to the library e-book pricing model that was in effect on October 31st, 2019. In addition, we will be lowering some e-book prices on a short term basis to help expand libraries collections in these difficult times. Stay safe.” …

While the Covid-19 outbreak clearly played a role in Macmillan’s decision to abruptly abandon its embargo on new release library e-books, at press time it is unclear whether the move also coincides with conclusions drawn from other data gathered by Macmillan, or whether Macmillan executives will revisit the policy or explore another major terms revision for library e-books in the future….”