EBooks continue to grow, boasting 115.8 percent Year over Year sales growth, or $32.4 million to $69.9 million, for January (2010) to January (2011). Just a few weeks ago however, HarperCollins Publishing announced it’s e-book titles will expire after 26 check outs, according to Library Journal.
Late last April, 5 of the 6 major book publishers: Macmillan, Hachette, Simon & Schuster, Penguin, and HarperCollins followed the agency model for selling e-books, but as of late February of this year Random House also switched from the retail model to join the agency model. In the agency model publishers set prices and keep 70 percent of sales, while digital booksellers keep 30 percent of sales. [Read more…]