One of the world’s largest book publishers and the last of the majors to come to Apple’s iBookstore, Random House has paved the way to join the online retailer.
According to a statement released today, Random House is adopting an agency model for eBooks sales, which allows the publisher to set the price for for the sale of its books and guarantee a certain commission for retailers.
“The agency model guarantees a higher margin for retailers than did our previous sales terms,” said the company in a statement. “We are making this change both as an investment in the successful digital transition of our existing partners and in order to give us the opportunity to forge new retail relationships.”
Every other major publisher adopted the model before joining Apple’s bookstore, suggesting Random House is readying itself to offer its more than 17,000 eBooks on the service.