Juggernaut Amazon is striking another blow at the traditional textbook industry by offering semester-long rentals of physical books. The listings for a number of textbooks now include a “rent” option that’s usually around $50 for a title that sells for $170. According to Amazon’s FAQ, the books are rented out by the semester (counted as 130 days), with one 15-day extension allowed. Textbooks are shipped at standard prices, and the cost of returning them is paid by Amazon. Depending on their luck, renters might receive a book that’s new or one that’s gently used. Read the full story at The Verge.
Amazon launches rental service for paper textbooks
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).