In a press release, publisher Random House has announced that it will immediately adopt the agency model for e-Book pricing in the United States. This announcement sets up the publisher to deliver its content to Apple’s iBookstore, pending final agreements.
Random House, Inc. is adopting the agency model for e‐book sales in the United States effective March 1, 2011. Going forward, Random House will set consumer prices for the e‐ books we publish, and we will provide retailers with a commission for each sale. There are no changes to our terms of sale for physical books.
Random House has been a high-profile holdout from the agency pricing model (a model that allows publishers to set retail prices with retailers earning commissions for each sale), with most major publishers having reached agreements with Apple or Amazon nearly a year ago when the iBookstore launched.
While the announcement made no mention of Canada, Canadians can still take advantage by creating a USA iTunes account.
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Posted under: iBookStore