World’s biggest publisher joins iBooks

Tim Grey
3 March, 2011
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The world’s largest publisher, Random House, has finally agreed to sell its books over Apple’s iBookstore, offering its 17,000 eBooks to the iPad retailer.

Announced by Steve Jobs first thing this morning ahead of Apple’s release of the iPad 2, Random House’s presence on iBooks shores up iBooks’ ambitions as an online retailer, which now offers titles from 2,500 publishers.

The move was tipped to occur earlier this week when Random House announced it was adopting an agency model for eBooks sales, which allows the publisher to set the price 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.”

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