Quote:
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We decided to change our terms after a year of talking, listening, testing, and analyzing. We looked at two separate issues: 1) the difference in the revenue we get between a lend and a sale and 2) the perceived value of a book upon publication (when its value is highest).
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Which would back up my belief that the embargo Tor had a year ago created data which Macmillan used to inform them of the decision.
The letter as a whole does a fairly good job in deflating the libraries claims too. Though I’ll admit I was in the publishers corner from the start so they don’t need to try as hard to convince me that the library is wrong.