OhioLINK viewpoint: Consortium Electronic Book Licenses – it’s Just a Serial Common Licensing Expectations and Techniques for E-Book Publishers or E-book Aggregators learned from E-Journals 1

E-Journal Licensing Lessons for E-books There is only one budget for both electronic and print book formats Must reflect dramatic increase in content and access per monetary unit spent Must be a more economically sustainable model Must reflect needs for perpetual access, archiving, preservation Must complement Inter-library loan systems Must focus on current and future content Conclusion – “Big Deal” works as a strategic approach to e-book licenses 2

Requirements for E-book Publishers Comprehensive, predictable scope of titles Electronic version concurrent with print Separate the back list from front list Pricing accounts for E-book collection plus expected print copies – in combination Pricing is a reasonable extrapolation of historical group annual unit and spending levels for a comparable scope of titles – see next slide Pricing includes additional discounts on print prices OhioLINK can locally load 3

E-book publisher pricing examples 4

E-books are like Journals because… The number of books produced each year by publishers is often very stable The number of books bought by a group each year is often very stable - as measured by percent of produced books and copies bought per title At the very minimum, there are often stable levels and trends which can be used to estimate future behavior Measuring multi-year book histories is like measuring current journal subscriptions 5

Determining a Group License Price Part 1 1.Measure annual print purchase history - at least 5 years for a comparable scope of titles a.Book holdings - titles and copies by school b.Copies/title c.Percent of titles produced that are bought by the consortium d.Consortium cost at net price per title 2.Extrapolate purchase history trends to determine future “Status Quo” expected value of the group’s print business with book publisher 6

Determining a Group License Price Part 2 3. Create Group License Potential Cost Matrix – including both electronic and print a.Range of potential group electronic license prices b.Range of potential print purchase levels below the expected value of Status Quo print levels at expected discounted print prices 4. Negotiate to reasonable, sustainable win-win multi-year agreement 5. Divide electronic Group license fee among members based on shares of purchase history 7

8 Example – Publisher #1 Yearly values indexed to Annual Maximum

Example – Publisher #2 The Status Quo Projection 9

Example Publisher #2 - Group License Potential Cost Matrix – includes both electronic and print 10

Net Result of this Approach Strategic objectives met – consistent with journals and other types of materials Expected total cost is realistic and controlled Easy to regulate if units and budgets get out of balance Healthier for publishers – status quo trends show unit declines Reductions can be made to total print copies across the consortium – shelf space saved Access is dramatically increased via e-books 11

OhioLINK Status with E-books #1 NetLibrary – several evolving models – now inactive with +15,000 titles Safari Tech books – annual subscription only Oxford Reference Online Premium – annual subscription only 15 Chadwyck-Healey American/English Literature Collections – perpetual licenses ARTFL – French Literature – annual subscription 12

Perpetual Licenses with local load directly with Publishers ABC-CLIO Reference Oxford Scholarship Online Oxford Digital Reference Shelf Sage Reference Gale Virtual Reference Shelf – their controlled imprints Springer Others in Negotiation 13 OhioLINK Status with E-books #2

Questions?? 14