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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