After two months of libraries boycotting MacMillan ebooks, some early numbers are emerging:
http://www.readersfirst.org/news/202...oycott-working
Quote:
Is the Boycott Working?
As of the date of publication, 79 library systems and consortia have ceased to purchase Macmillan eBooks in protest of their new sales policy, which limits library eLending. These libraries represent 1,163 locations in 28 states, and serve 47.9 million people, which is equivalent to the total population of California plus the population of New York City.
Is it making a difference?
Analysis shows that despite Macmillan’s claims about desiring to “restore balance,” the embargo is merely an attempt by Macmillan to boost revenue in the same way that they increased their base price to libraries from $40.00 to $60.00 in 2018. Here’s how it works:
Liane Moriarty’s Nine Perfect Strangers was released in November 2018. At Fairfax County Public Library (FCPL) which serves 1.1 million residents in northern Virginia, 400 readers requested the book before its release; in response, FCPL purchased 67 copies at $60.00 each. Adjusting for OverDrive’s negotiated percentage, Macmillan earned $2010.00.
What if Nine Perfect Strangers had been released in November 2019? According to Macmillan, 8%, or 32, of the 400 readers who wanted the book would have purchased it rather than waiting. These 32 retail purchases will have generated $336.00. After the embargo, the library purchases 62 copies to cover the remaining 368 readers who were willing to wait. At Macmillan’s new pricing, this creates $1845.00 in revenue for the company. In total, they receive $2181.00, which is an 8.5% increase over a release that was not embargoed.
However, FCPL has ceased to purchase Macmillan eBooks and Macmillan has traded $336.00 in retail sales for $2010.00 in library sales, a loss of 83%.
In other words, the boycotting libraries are making a difference, creating an 83% loss in revenue instead of an 8.5% gain. If about one in 10 library systems cease to purchase Macmillan eBooks, they will offset the gains Macmillan hoped to make and ensure that its revenue is flat. For every library that boycotts after that, Macmillan will see a net loss on the embargo strategy.
Are we at one in 10?
Not quite, although we are close. In the 2017 IMLS Public Library Survey, 7162 libraries recorded spending on electronic materials. Of those, 605 libraries are currently boycotting Macmillan eBooks, or 8.45%.
Other impacts to Macmillan authors
In the meantime, we are looking at the results of the boycott to determine impact to patrons. At the Washington Digital Library Consortium (WDLC), serving 826,000 Washington State residents, we saw that circulation in the last two months of the year (during the boycott) fell only 2% below expectation. Since Macmillan represented approximately 5% of our circulation in the prior year, we conclude that readers who normally would have discovered Macmillan books are discovering Macmillan’s competitor authors instead. FCPL saw no decrease in circulation over the same time period.
These numbers are in line with the findings of a library eBook reader survey conducted the Jefferson County Library in Port Hadlock, WA. When patrons were asked about their next step after deciding not to place a hold on an eBook (usually due to wait time), the 891 respondants reported the following: 56% reported that they went on to look for another eBook or eAudiobook that is currently available; approximately 30% reported that they searched for the title in print or as a book-on-CD; 8% go on to purchase the title (confirming Macmillan's assertion); 6% chose "None of the above.”
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8.45% of libraries are boycotting.
So 90% are going along with MacMillan.
On a library by library basis they seem to be having an impact but globally...?
