Penguin Random is changing e-book business model from perpetual ("pretend its print") to metered access.
As so often Andrew Albanese from Publishers Weekly is on the case, and shares more information: https://www.publishersweekly.com/pw/by-topic/industry-news/libraries/article/77904-penguin-random-house-changes-its-library-e-book-terms.html
ReadersFirst has a mixed but generally quite favorable response.
Lower prices are always good.
A model based only on number of circs rather than a two year time limit would have been even better news.
Better news still would be if public libraries could have BOTH options: metered and perpetual.
Even better news still would be if a whole range of options were available at time of purchase: pay-per-use, subscription, metered, perpetual.
Still this news comes as rare and refreshing fruit, and is a welcome contrast to recent changes made by Tor/Macmillan, whose failure to engage with libraries makes it abundantly clear that they are utterly uninterested in libraries or their readers. It will help libraries meet the needs of readers more effectively while being responsible to Penguin Random's need to benefit authors.
A big thanks, and also a tip of the hat, to Mr. Skip Dye of Penguin Random, who attended the National E-Book Summit at ALA and has shown a true commitment to working with libraries. Thanks, Skip, for listening!