Welcome to The CITE -- a blog on Course materials, Innovation, and Technology in Education, created by Mark Nelson and now part of the Publications Department of the National Association of College Stores. CITE is a pun with multiple meanings - referring to cite as in citation, something people reference; site as in location, website, or place people go to; and sight as in foresight or looking ahead to what is coming. Comments, discussion, feedback and ideas are welcome.

Wednesday, February 1, 2012

Freeing books using Crowdfunds

Here a story about a new company using crowd funded approach to putting books under Creative Commons licenses.   The company allows individuals or institutions to join together to pay rights holders to re-license the works under a CC license.

In this process, the book’s digital rights holder sets the price to make a book as a Creative Commons, DRM-free e-book.   Then the company starts a crowd funding campaign to raise money to set the book “free.”  Once the money is raised the book is released and the company takes a commission.

Not sure that this business model will work beyond a select set of content, but it is yet another interesting twist on the content market.

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