Comment by BearGoesChirp
7 years ago
Another interesting question, what is the role of libraries in all of this? If I check out a book I want to read and read it, my likelihood of buying the book drops significantly. Some libraries even allow this for movies and games.
Libraries buy the books and pay a royalty to whoever owns the rights.
In some cases this is based on a voluntary contract and in some it is based on a public lending right. https://en.wikipedia.org/wiki/Public_Lending_Right