Penguin Random House is Born as Merger is Completed

Penguin Random House is Born as Merger is Completed

Yesterday, a pretty big merger was announced in the world of publishing that was announced first last October. Not comic publishing, but still the print medium. Penguin and Random House completed a joint venture creating the world’s largest publishing firm, PENGUIN RANDOM HOUSE.

The merger sees two of the “big six” publishers combine that creates a single firm behind about 15,000 new titles every year! The deal overcame issues with regulations, including a competition probe by the US Department of Justice. The new joint company now employs over 10,000 staff and is spread out across the globe with operations in the US, Canada, the UK, India, South Africa, Australia, New Zealand, China, Spain and Latin America. Their library contains classical authors like Charles Dickens and Jane Austen, as well as newer writers such as Lee Child, creator of the Jack Reacher series.

This is a pretty huge deal in the world of publishing, and only time will tell just how big. With the rise of ebooks via services like Amazon, Apple and Google, the merger can be seen as way to compete that burgeoning market.

How does this affect comics? Random House also has a large collection of comics and graphic novels, from classics like MAUS and modern classics like MOBILE SUIT GUNDAM, to more recent offerings like A GAME OF THRONES and SONIC THE HEDGEHOG. And back in October, when the merger was first announced, Penguin also launched a new graphic novel imprint called InkLit, boasting titles like Patricia Biggs’ ALPHA AND OMEGA, Charlaine Harris’ (Sookie Stackhouse) GRAVE SIGHT and CEMETERY GIRL, and Laurell K. Hamilton’s ANITA BLAKE, VAMPIRE HUNTER series.

With this joint venture, the possibilities for the world of comics is pretty huge. Maybe it opens up more opportunities to get more graphic novels through those distribution channels. At any rate, PENGUIN RANDOM HOUSE is now a juggernaut in the world of publishing, period. Time will tell how it affects the industry as a whole.

Source: nextMEDIA Source

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