Today, according to this Publishers Weekly article, Random House switched to the "Agency Model" for e-book sales. So what does this mean for consumers? Higher e-book prices, usually somewhere around $9.99. Consumers in general are not happy with this price point, especially while there are plenty of quality "bargain e-books" available from indie authors, some $2.99 or lower. The amazing Amanda Hocking, USA Today bestselling indie author of the Trylle Trilogy, for example, sets her own e-book prices (as other indie authors do) anywhere from $0.99 to $2.99. To date, she's sold around 900,000 copies of nine different e-books. Obviously, consumers have embraced her model. The low prices support lots of e-book sales, and readers appreciate receiving a quality read for under five bucks.
Tell me, do you think Random House made the right move here? Click here to weigh in with your comments.