Deal will result in largest book publisher, to be complete by latter half of 2013
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 stays pay-once with e-book libraries
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 talks about e-book library Cloud Service
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.
Jobs says "iPad 2" to important to miss
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.
Last holdout comes to iOS platform
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 last major signed up for iBooks
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.
Publisher resolves conflict with Wylie Agency
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.
Kobo e-reader available for Faimont Gold members
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 gets key Kindle book deals as iPad arrives
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 iBook claim omits Random House, others
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.
John Grisham flips stance on e-books
Starting Tuesday, famous novelist John Grisham's works will be available in e-book format, according to a Tuesday release from the author. Grisham's publisher, Random House, will make all 23 of his novels available through e-book retailers. Hehas previously been reluctant to allow digitizing his work, as he believed e-books would hurt traditional book sales and make it harder for new writers to be successful.
Kindle Books Lose TTS
Book publishers have started exploiting the text-to-speech kill switch feature enabled by Amazon for Kindle books, reports show. At least 40 e-books from Random House, including major titles from Toni Morrison and Stephen King, can no longer use the Kindle 2's TTS feature to read the books aloud. Random House hasn't officially announced the move on its own.