Ebook Readers: Know Your Rights
In the wake of Random House adopting the "agency model" of eBook pricing, bloggers speak out about consumer rights.
On the heels of the various announcements and divisiveness from Random House US and UK about the future of eBook pricing, the Internet is abuzz with thoughts on what will be the direction this fast-growing industry takes. Random House’s February 28th decision to adopt the “agency model” of eBook pricing that will allow publishers to set the prices of their eBooks (Amazon’s $9.99 baseline has long been the bane of the book publisher’s existence). The publishing house will keep 70% of that designated sale price while the digital book seller keeps the remaining 30%, and one would hope that somewhere in that 70% there’s a couple of dollars of royalty money for the author. The agency model is the one used by Apple for its iBook store, which Random House has previously withheld its titles from.