Penguin released its 3rd quarter sales figures today and ebooks are continuing to see massive growth for the company. Digital content is up 35%, thanks to numerous titles that hit the bestseller list. Traditionally, the 4th quarter is the strongest of the year due to holiday sales and post-Christmas ebook purchases by people with new devices. Pearson released the following … [Read more...] about Penguin 3rd Quarter eBook Sales Up 35%
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Penguin, Random House Merger Is Official
Only days ago, parties from both Pearson and Bertelsmann, the parent companies of Penguin and Random House respectively, were firmly stating that talks of a merger of the two publishers were only speculation at that point, but today the blending of the two companies has been confirmed by statements from the publishers. While details are still vague, although the publishers … [Read more...] about Penguin, Random House Merger Is Official
Penguin and Random House Merger Creates a Powerhouse Publisher
News has come out that the parent companies of two of the largest trade imprints in the US may be merging in the near future. Rumors that Penguin and Random House may soon become one larger publisher, bringing the Big Six down to the Big Five, circulated following a statement that Pearson and Bertelsmann are in talks. “Pearson confirms that it is discussing with Bertelsmann … [Read more...] about Penguin and Random House Merger Creates a Powerhouse Publisher
Penguin and Random House Might Merge Companies
Parent companies Bertelsmann and Pearson have issued a statement yesterday that the two sides were in negotiations to merge Penguin and Random House. The statement said; “Pearson confirms that it is discussing with Bertelsmann a possible combination of Penguin and Random House." If this deal occurs, which some said is likely to happen will be the largest publishing merger … [Read more...] about Penguin and Random House Might Merge Companies
Publisher Sues for Return of Book Advances
An article for TheSmokingGun.com this week explained how New York-based publisher Penguin is suing a number of authors in order to get back the hefty advances those writers were paid. The advance is the money stipulated in the contract that the author will receive against the sale of the actual books; anything sold past the amount of the original advance then is shared with the … [Read more...] about Publisher Sues for Return of Book Advances
eBook Review: Cascade by Maryanne O’Hara
Verdict: 5 Stars It’s my job to read a book with every intention of picking it apart, word by word, professionally tossing around compliments or disdain. But with Maryanne O’Hara’s novel Cascade (Viking), I was so drawn in by the best storytelling I’ve found in a long time that I forgot it was my job to review it. I was simply too wrapped up in enjoying it. Desdemona Hart … [Read more...] about eBook Review: Cascade by Maryanne O’Hara
The Penguin Group Launches Graphic Novel Imprint InkLit
Penguin Publishing is launching a new imprint that is focusing exclusively on graphic novels and comics. The new initiative called "InkLit" will take some of the most notable mainstream book franchises and carry them over into the comic book world. Inklit will be officially launching on October 2nd and will have a big name attached to the first title. Patricia Briggs will be … [Read more...] about The Penguin Group Launches Graphic Novel Imprint InkLit
Penguin Sees Lackluster Revenue and Strong eBook Growth in 2012
Penguin has given us a sense of how the company has been performing for the first six months of 2012. Profits for the company are down almost 50% from a year ago, mostly due to the tremendous success of the 50 Shades of Grey Trilogy and the Hunger Games. Both of these books contributed to the lack of sales, which fell by 4% to £441 million and has adjusted operating profit down … [Read more...] about Penguin Sees Lackluster Revenue and Strong eBook Growth in 2012
Penguin to Get into the Self-Publishing Game with Author Solutions Purchase
Penguin Publishing is poised to enter the highly competitive market of digital self-publishing. The company today has finished their acquisition of US based Author Solutions for $116 million in cash. Author Solutions will “continue to be run as a separate business” and will be “integrated into Penguin’s back office and technology infrastructure.” Author Solutions may be a … [Read more...] about Penguin to Get into the Self-Publishing Game with Author Solutions Purchase
Penguin Publishing making a major eBook push into India
Penguin Books India has firmed up some grand plans to register its presence in the burgeoning e-book segment, which analysts believe can make printed books obsolete in the not too distant future. To begin with, Penguin intends to have more than 240 titles available in e-book format. The titles in the first lot will comprise of all that the company has published in 2012 so far … [Read more...] about Penguin Publishing making a major eBook push into India