Print & E-Books Use in Tandem – Dialogue on the Implications for Library Collections and Publisher Programs Rebecca Seger Senior Director of Institutional Sales, Oxford University Press Luke Swindler Collections Management Officer, UNC Chapel Hill Libraries OUP print book sales to academic libraries 2012-2015 UNC Print Book Circulation Trends Print Book Circulation 900,000 836,031 771,473 800,000 730,659 700,000 684,837 597,197 600,000 500,000 400,000 300,000 200,000 100,000 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014 Print Books Circulation Trends Implications • As libraries buy more print books, their aggregate circulation declines • Increasing print acquisitions will not change this situation • Print inevitably becoming marginal niche, especially with the growing acceptance of e-books • E-book availability further depresses circulation of print counterparts, especially when they become accessible before print • UNC’s e-books strategy accelerates the print decline & marginalization OUP Reactions/Responses to Print Books Trends & Implications • We currently publish more than 6,000 titles a year worldwide, in a variety of formats. • Our range includes dictionaries, English language teaching materials, children's books, journals, scholarly monographs, printed music, higher education textbooks, and schoolbooks. • Monographs make up 1/6 of our publishing output E-books Usage Trends • As libraries buy more e-books, their aggregate usage increases • E-book usage growth exceeds increase in the number of e-books UNC acquires • E-books now greatly exceeds print circulation at UNC—a trend that not only will continue but also probably accelerate UNC E-Books vs. Print Books Use Comparisons • 8 publishers/vendors representing the e-book platforms with the largest number of titles in UNC collections alone registered 881,682 uses—or more than all print circulation for all publishers • When standardized for total monographic titles available, the relative levels of use are even greater: • 3,915,878 print titles as of 6/1/2015 registered 597,197 circulations in FY2013/2014, for a ratio of .15 • 245,442 e-books for these 8 publishers/vendors registered 881,682 uses in 2014, for a ratio of 3.6—or >23X than print books Median Requests Per Title Jan ’13 – Sep ’15, All Titles 4.5 4 3.5 3 2.5 2 1.5 1 0.5 0 DUKE NCCU NCSU UNC Titles Used Per Term All Owned Titles Year 1 Usage Year 2 Usage Year 3 Usage (May12(May13(May14Apr13)* Apr14) Apr15) 22462 56742 75769 25% increase Top Used Titles, Jan ’13 – Sep ’15 All Titles Tomorrow's Table A Reformation Debate Rose's Strategy of Preventive Medicine Applied Longitudinal Data Analysis Europe Undivided How Congress Evolves Brain–Computer Interfaces Buddha Is Hiding Black Magic Nutritional Epidemiology Module Biology Religion Public Health and Epidemiology Public Health and Epidemiology Political Science Political Science Neuroscience Sociology Religion Public Health and Epidemiology Press Oxford Scholarship Online Fordham University Press Oxford Scholarship Online Oxford Scholarship Online Oxford Scholarship Online Oxford Scholarship Online Oxford Scholarship Online University of California Press University of California Press Oxford Scholarship Online Uses Jan13Sep15 2236 1370 1109 928 782 596 591 570 556 546 Changing Library Collections Contexts • Shift of collections from predominance to prominence • Shift from finite collections towards infinity and the leveling affect • Shift from book scarcity to abundance, if not ubiquity • Shift from collections of record to collections of use • Shift in answering the question of “how good are the collections?” Changing Book Publishing Contexts • Adapting to a world where quantity of use is measured more importantly than quality of use – how do you publish/should you publish for that and not for the advancement of scholarship, even in a niche field? Changing Library Book Collecting Strategies • Print books title-by-title acquisitions as a loser proposition & strategies for cutting losses • E-books en bloc acquisitions as a value proposition & strategies for maximizing academic support • Moving from an overall quantitative to qualitative approach to building library collections—and its negative impact on print circulation Achieving Quantitative Excellence Qualitatively • UNC e-books from specific core publishers—the top 100K holdings • UNC e-books from categorical core publishers Changing Book Publisher Strategies • Find better and cheaper production processes • Price rises in the most niche areas if fewer will continue to buy – whether in print or digital to cover the costs • Publish more non-monographic content and reduce monograph production • Create better tools to enable readers to buy their own print/digital copies when reading a library licensed ebook Conclusions Thank you!