Tag - Random House
Penguin and Random House have announced they will merge to become the world's biggest English-language book publisher. This is likely a result of the ever-growing and competing e-book market, though neither admits it. Under the terms, Random House will own 53 percent of Penguin Random House, while Penguin will take the rest.
Random House helped set a possible precedent for e-books in libraries late last week after it agreed to a deal on lending. While it would raise the price for an e-book by an unspecified amount, the term would guarantee that libarires could have any title they want and provide an unlimited number of loans. The deal was portrayed to Publishers Weekly and others as giving authors fair compensation while still letting libraries treat e-books like they would paper.
3M Library Systems announced it will launch an e-book lending service that will let iPad, Nook and Android tablet owners borrow e-books from local libraries. The service, called 3M Cloud Library, will include software, hardware and content accessible from special apps or in libraries via touch-screen terminals. Publisher partners include Random House and IPG, with more expected to arrive soon.
Weeks after he took a leave of absence from the company, Apple CEO Steve Jobs made a surprise appearance on stage at Apple's March 2nd event in San Francisco at Yerba Buena Gardens. Greeted with a standing ovation when he took the stage, Jobs revealed that Apple had been working on the next-generation iPad and that he was not going to miss the unveiling. He began by noting that over 100 million books downloaded from the iBookstore and that publishing giant Random House was coming to the store with over 17,000 books and that Apple had signed over 2,500 publishers.
Some Random House books are beginning to appear in the US iBookstore, a report says. While only a few are present so far -- Randon House Webster's Pocket Grammar, Usage, and Punctuation being a given example -- the shift indicates that Random House has indeed made concessions and become the last major publisher to support iBooks. On Monday the company switched to an agency model, likely with the iBookstore in mind.
Random House on Monday said it would switch e-book business models in what's likely a sign of a deal for Apple's iBookstore. The publisher planned to switch to an agency model, where it will set the price and a given bookstore takes a flat percentage of the sale. Its switch takes effect Tuesday and will help it "forge new retail relationships" as well as expand its overall e-book sales.
Random House has resolved a dispute with literary agent Andrew Wylie over rights to publish e-book versions of 13 classic books. According to a New York Times report, both parties have agreed that Random House will retain the rights for digital distribution.
Fairmont Hotels will give their Gold members at ten locations in the US and Canada the opportunity to use a Kobo eReader during their stay. Each contains new Random House bestsellers and have access to the Kobo e-book store for purchasing other books. When guests return their readers, they will get coupons for $2 off certain Random House e-books.
Amazon on the same day as it posted financial results obtained a potentially key book deal in its escalating wars with Apple and Barnes & Noble. The online retailer has bypassed publishers entirely and agreed with agent Andrew Wylie to exclusively publish books online by famous authors he has represented. Wylie's agreement gives the Kindle store sole e-book rights to authors such as the late Norman Mailer and John Updike as well as Philip Roth and 17 other writers.
Apple's claim that it garnered 22 percent of e-book sales in the US isn't truly accurate, analysts warned this afternoon. The figure is only among the five major publishers that have agreed to sell through the iBookstore and doesn't count Random House, which sells through Amazon but doesn't yet support Apple. Independent publishers also aren't factored into the data.