Penguin and Random House Converge
August 7, 2013
Penguindom House is here, we decided after reading “World Blockbuster in Penguin and Random Merger” at the U.K.’s Express. After the deal, said to create the world’s biggest consumer publishing company, the new entity will employ over 10,000 workers. Regarding the combined talent and titles, the write-up tells us:
“[The merger] brings together Penguin authors including Dawn French and Zadie Smith and Random House writers such as Andy McNab and Dan Brown, while the enlarged business has a back catalogue that takes in the likes of Charles Dickens and Jane Austen.”
John Fallon, head of the education-focused Pearson, Penguin‘s parent company, is optimistic. (For the record, media firm Bertelsmann owns Random House. The two larger companies share ownership of the new entity almost equally.) Fallon states:
“This combination creates a clear world leader with a strong platform for continued creative and commercial success in a rapidly changing consumer publishing industry.”
Rapidly changing, indeed. Will this noteworthy development change the way writers must go about getting their work published, even through traditional, wood-pulp based channels? Will it stimulate interest in the self-publishing platforms available from Amazon, Apple, and others? Stay tuned.
Cynthia Murrell, August 07, 2013
Sponsored by ArnoldIT.com, developer of Augmentext
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