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Are E-book Big Deal Bundles Still Valuable? Charleston 2014

Are E-book Big Deal Bundles Still Valuable?

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Charleston Conference 2014 Aaron K Shrimplin & Jennifer Bazeley

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Page 1: Are E-book Big Deal Bundles Still Valuable?

Are E-book Big Deal Bundles Still Valuable?

Charleston 2014

Page 2: Are E-book Big Deal Bundles Still Valuable?

Milton Friedman

Page 3: Are E-book Big Deal Bundles Still Valuable?

Transitions into the Digital

Page 4: Are E-book Big Deal Bundles Still Valuable?

Library as Laboratory

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Workbench to Workforce

Page 6: Are E-book Big Deal Bundles Still Valuable?

A Space Between the Spaces

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Campus Life & E-books

Book Lovers (34%) have an inherent affinity for the print form

Technophiles (23%) are strongly interested in the possibilities of new technology as regards the book

Pragmatists (17%) are the most neutral of the four, as they are most interested in content and see pros and cons of both formats

Printers (26%) prefer print books but are distinguished from Book Lovers in that they have specific difficulties with the usability of e-books

Page 8: Are E-book Big Deal Bundles Still Valuable?

Q Methodology & Large N-Survey

1. Aaron Shrimplin, Andy Revelle, Susan Hurst, and Kevin Messner, “Contradictions and Consensus – Clusters of Opinions on E-books,” College & Research Libraries 72, no.2 (2011): 181-190.

2. Andy Revelle, Kevin Messner, Susan Hurst, and Aaron Shrimplin, “Book Lovers, Technophiles, Pragmatists, and Printers: The Social and Demographic Structure of User Attitudes Toward E-books,” College and Research Libraries 73, no. 5 (2012): 420-429.

Page 9: Are E-book Big Deal Bundles Still Valuable?

Acquisition Models

E-book Collectio

ns

E-Approval

PDA/DDA

Title-level

Consortia

Page 10: Are E-book Big Deal Bundles Still Valuable?

Print vs. Electronic Book Expenditures FY11

FY12FY13

FY14

$0.00

$100,000.00

$200,000.00

$300,000.00

$400,000.00

$500,000.00

$600,000.00

$700,000.00

$800,000.00

$900,000.00

Print Expenditures

Page 11: Are E-book Big Deal Bundles Still Valuable?

Total Book Expenditure By Order Type

FY11 FY12 FY13 FY14$0.00

$200,000.00

$400,000.00

$600,000.00

$800,000.00

$1,000,000.00

$1,200,000.00

Print Approval Print DiscretionaryE-Book Discretionary E-Book PDA

Page 12: Are E-book Big Deal Bundles Still Valuable?

The Big Deal Approach

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Wiley Platform

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Methodology

Wiley Online Books 2012 titles n=927Compiled usage from 2012 through 2014 (January – July) using standard COUNTER BR2 reports

SPSS/Excel/R/Photoshop

Page 15: Are E-book Big Deal Bundles Still Valuable?

The Middle Manager’s Oath

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Homer Simpson

Page 17: Are E-book Big Deal Bundles Still Valuable?

Title Use 2012-2014n=927

19%

81%

Titles w/Use Titles w/No Use

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Title Use Comparison

Wiley (2012-14)

Springer (2008-10)

Oxford (2008-11)

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Titles w/No UseTitles w/Use

Page 19: Are E-book Big Deal Bundles Still Valuable?

E-book DLs

2012 2013 20140

100

200

300

400

500

600

700

800

476

736

315

DLs for 2012 Titles

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Pareto Principle

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Pareto Comparison

Page 22: Are E-book Big Deal Bundles Still Valuable?

Long Tail

2011 Wiley E-books with Usage Data

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Titles with 4 or more DLsTitles with 3 DLsTitles with 2 DLsTitles with 1 DL

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A Few High Use Titles Dominate

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DLs by Book Type - Springer

Mon

ogra

ph

Proc

eeding

s

Contri

bute

d vo

lum

e

Prof

essio

nal b

ook

Text

book

s

Handb

ook/Ref

Wor

k/En

cyclop

edia

Other

05

10152025303540

012345678

% of titles% downloads / % ti-tles

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Titles with Usage by Subject

Agriculture

Chemistry

Earth Sciences

Law

Mathematics

Nursing

Psychology

Veterinary Medicine

0 5 10 15 20 25

% of Titles

Page 26: Are E-book Big Deal Bundles Still Valuable?

Percentage of Total DLs by Subject

Agriculture

Chemistry

Earth Sciences

Law

Mathematics

Nursing

Psychology

Veterinary Medicine

0.0 5.0 10.0 15.0 20.0 25.0

% of Total DLs

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Page 28: Are E-book Big Deal Bundles Still Valuable?

Value

Our price tag to OhioLINK is not commensurate with use; however, the bundle of titles becomes a better value overtime with additional usage & we own the content

179 titles @ list price = $29,588.88 (average cost per title is $165.30) – we would need to grow the number of titles used by over 50%

High use titles (textbooks)Cost per download is high (~$30.00)

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The New Normal

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Erosion of Purchasing Power

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Conclusions

81% percent of the titles in this study were not used from 2012 – July 2014

Underperforming assetA relatively few high use titles dominate and the long tail accounts or a very small percentage of the total downloads

Textbooks are heavily usedDemand varies across subject areasFiscal challenges

Page 32: Are E-book Big Deal Bundles Still Valuable?

Next Steps

More analysisShrink print / grow eCompare local e-book package value to consortial e-book package value

Does the value of the collection increase with time with additional usage

Page 33: Are E-book Big Deal Bundles Still Valuable?

Questions? Comments?

Jennifer BazeleyInterim Head of Technical [email protected]

Aaron K. ShrimplinAssociate [email protected]