Apple Finally Adds Random House to iBooks Publishers

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ibooksupdate

Add another potential announcement to the already long list of items we are expected to hear from Apple Wednesday: iBooks. Random House, one of the largest publishers of physical books, is now ready to accept Apple’s “agency” pricing model for ebooks sold through the Cupertino, Calif. company’s iBookstore.

The publisher, the lone holdout, said starting today, it will change its pricing to meet Apple’s requirement that booksellers get a 30 percent cut of the e-books’ retail price. The shift toward Apple’s position is hoped to increase e-book sales from iPad owners. The Apple tablet is competing with Amazon’s Kindle and Barnes and Noble’s Nook, among other e-readers.


Random House told the Wall Street Journal today’s decision is a culmination of negotiations with Apple that began in December of 2010.

[All Things Digital, Wall Street Journal]