Random House may join Apple's iBookstore
Random House said in a brief statement Monday that it has agreed to the "agency model for e-book sales," according to AppleInsider. That agency model had been the chief stumbling block keeping Random House books from joining the iBookstore.
In the traditional publishing model, retailers bought books from publishers at a discount price. Then those retailers sold the books to customers at a markup, with that margin being the retailers' profit. In the agency model, e-books are sold to the customer, and the revenue is split between the retailer and the publisher. Because the agency selling the books (in this case, Apple) set the price, Random House had been concerned the model could significantly decrease profits.
Random House said in a brief statement Monday that it has agreed to the "agency model for e-book sales," according to AppleInsider. That...
Subscribe to Newsletter
Software Updatesmore updates
- Daily App: MyScript Calculator solves your hand-written math equations
- Findery app lets you discover the world around you using annotated notes and maps
- The Learnist app brings its crowd-sourced collection of information to your iPhone
- My cat Cinnamon reviews Friskies Cat Fishing 2
- Photo Grid Collage Maker is capable and free
- iExit gets new features and is now free