According to ebrary, publishers who distribute books through libraries and other subscription models get more sales through other channels, too. At the same time, ebrary announced that it has added 50 more publishers to its Academic Complete subscription service. It claims that it will soon offer over 75,000 books through the service.
E-book Subscriptions Drive Sales from Other Models
Wiley and over 50 new publishers add titles to ebrary’s Academic Complete for strategic e-book distribution
PALO ALTO, Calif.–(BUSINESS WIRE)–Publishers that distribute e-books to libraries under subscription in addition to other models will receive the greatest value, according to ebrary®, a ProQuest business. ebrary today announced that Wiley along with over 50 newly signed publishers such as American Institute of Aeronautics and Astronautics, Leuven University Press, and University of Illinois Press will distribute e-books in Academic Complete™ as well as other models including perpetual archive, patron driven acquisition, and short-term loan. Academic Complete subscribers will soon benefit from a growing selection of more than 75,000 quality e-books – including 1,800 new titles from Wiley – from over 500 participating publishers.
By leveraging Academic Complete to distribute certain types of e-books including important backlist titles which would traditionally have been out of print, and making others such as the most current e-books available in other models, publishers can participate in ebrary’s new strategic approach to e-book acquisition and distribution. This approach includes working with libraries to leverage Academic Complete subscription usage statistics by discipline to determine where to strategically apply additional budget to other acquisition models. It also involves streamlining and automating the ordering process through book vendors such as YBP.
“Libraries want the highest possible return on investment, which is best facilitated by a choice of business models that ultimately gives them the ability to purchase and license collections based on their budget availability and acquisition preferences,” said Leslie Lees, ebrary’s Vice President of Content Development. “Many academic institutions use ebrary’s subscription model as an ‘opening day’ collection. They then use usage data to drive purchase decisions for front-list content that has particular value for them under ebrary’s perpetual archive, e-preferred approval plans and patron driven acquisition business models.”
Academic Complete was the industry’s first e-book subscription product and has been serving as a foundational collection to thousands of libraries throughout the world for nearly a decade. San Jose State University, an Academic Complete customer, is currently examining usage statistics to strategically increase its patron driven acquisition initiative.
“…We have been examining our Academic Complete usage statistics to strategically expand our patron driven acquisition program. By focusing on higher use subjects, we can better determine which titles to add to our consideration pool and only purchase those that are used,” stated Carole Correa-Morris, Head of Acquisitions at San Jose State University in an ebrary press release issued April 10.
According to Kevin Sayar, President and General Manager of ebrary, a number of converging trends in the information industry are driving the need for strategic acquisition and distribution.
“As publishers are making more e-books available digitally, and libraries are transitioning more budget from print to digital books, a more strategic approach is becoming a necessity,” said Sayar. “By utilizing a variety of models including subscription, publishers can more fully monetize their monographic content, and libraries can affordably acquire the e-books researchers require.”
For more information about ebrary please visit www.ebrary.com.
About ebrary (www.ebrary.com)
ebrary helps customers acquire e-books strategically through a three step approach: Transition, Diversify and Streamline™. The company believes that by challenging the e-book status quo, organizations can effectively serve the diverse and growing needs of researchers and maximize their budgets. Founded in 1999, long before e-books were popular, ebrary is a ProQuest business located in Palo Alto, CA, USA.