Thanks to bestsellers like Dan Brown's Inferno and Sheryl Sandberg's Lean In, Random House Inc. boasted record profits for the first half of 2013, parent company Bertelsmann reported Friday in what will be the last earnings announcement for the publisher as a stand-alone unit. Sales, however, dipped slightly.Random House merged with Penguin on July 1 to become the Manhattan-based global publishing giant Penguin Random House.Compared to the same period a year ago, Random House revenue fell 3% to 915 million euros or $1.2 billion. Operating income rose 4% to 117 million euros or $155 million. A Penguin Random spokesman credited the increase in profits to "cost discipline" and strong sales growth overseas in ebooks, which have higher margins than print editions.The dip in sales revenue reflected the comparison with the unusually strong first half of 2012, when the Fifty Shades trilogy was topping bestseller lists. The "mommy porn" novels padded this year's sales as well, however, selling an additional 5 million copies in both print and digital editions.As a portion of worldwide sales, ebooks fell to 20% of the total from 22% a year ago, largely due to the drop-off from Fifty Shades, according to the spokesman.Penguin also recently reported solid results, with a 6% jump in sales and a 14% spike in profits for the first half. Penguin's parent company Pearson owns 47% of the merged company, with Bertelsmann owning the rest."We can all take pride in what we have... Continue reading at 'Crains New York'
[ Crains New York | 2013-08-30 00:00:00 UTC ]
Random House Children's Books is the new master publishing licensee for 'The Cuphead Show!' from Netflix Animation; the TV series debuted in February 2018 and is based on Studio MDHR’s video game 'Cuphead,' which has sold more than eight million units since its debut in 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-04-07 04:00:00 UTC ]
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The Sheikh Zayed Book Award's scientific committee has reviewed the jurors' recommendations, with more than 3,000 submissions in hand. The post Awards: Sheikh Zayed Book Award Receives Record Submissions appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-03-10 18:49:50 UTC ]
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Pop star’s memoir was subject of a massive bidding war, and comes weeks after she sent a cease-and-desist letter to her sister over her own autobiographyBritney Spears has landed a “record-breaking” publishing deal for a tell-all memoir about her rise to fame, her relationship with her family... Continue reading at The Guardian
[ The Guardian | 2022-02-22 01:12:57 UTC ]
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Because you can never have enough gorgeous libraries to imagine yourself visiting: Condition_Lab’s new Pingtan Book House library in Pingtan, China, built by working closely with local carpenters and CUHK architecture students, is a luminous, organic structure with a matrix of bookshelves in the... Continue reading at Literrary Hub
[ Literrary Hub | 2022-02-10 19:05:38 UTC ]
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Norman Mailer's long-term US publisher Random House has declined to publish an anthology of his writing, with indie Skyhorse Publishing picking up the book instead, though the late author's son stressed his father has not been "cancelled". Continue reading at The Bookseller
[ The Bookseller | 2022-01-06 02:12:21 UTC ]
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Skyhorse Publishing's acquisition of a collection of the late Norman Mailer's essays comes after reports that his regular publisher declined it. Continue reading at Los Angeles Times
[ Los Angeles Times | 2022-01-05 21:10:06 UTC ]
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Penguin Random House and Simon & Schuster are putting up a fight against federal efforts to scuttle their merger, alleging the government is wrong. Continue reading at Los Angeles Times
[ Los Angeles Times | 2021-12-13 21:40:35 UTC ]
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Gina Gagliano, the founder and publishing director of Random House Graphic, Random House Children's Books’ graphic novel imprint, is leaving the company effective December 3. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-24 05:00:00 UTC ]
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Penguin Random House’s first report auditing the diversity of its contributors found that the demographics of its authors, illustrators, translators, and other creators “do not reflect U.S. reader demographics when it comes to race and ethnicity.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-18 05:00:00 UTC ]
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The Sheikh Zayed Book Award reports a 76-percent rise in submissions of work by women, and a 47-percent jump in entries of men's work. The post Sheikh Zayed Book Award: 3,000+ Submissions, a New Record appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-11-03 02:09:08 UTC ]
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The Biden administration’s rejection of the proposed $2.18 billion publishing merger reflects a changing atmosphere in Washington toward consolidation. Continue reading at The New York Times
[ The New York Times | 2021-11-02 21:41:37 UTC ]
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The Department of Justice sues to block the acquisition of Simon and Schuster from Penguin Random House. Continue reading at Book Riot
[ Book Riot | 2021-11-02 16:56:25 UTC ]
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Some tech analysts are a bit baffled by the move and, subsequently, the DOJ’s priorities. The Justice Department on Tuesday filed a lawsuit against publisher Penguin Random House that seeks to block its proposed merger with rival Simon & Schuster. It’s one of the Biden administration’s... Continue reading at Fast Company
[ Fast Company | 2021-11-02 14:35:22 UTC ]
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The Department of Justice has sued to block Penguin Random House’s proposed acquisition of Simon & Schuster, arguing that it "would result in substantial harm to authors." Lawyers for PRH said that they expect the case to go to trial sometime in 2022. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-02 04:00:00 UTC ]
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Bloomsbury has reported record sales of £100.7m in its interim half-year results with profit growth up by 220%, something c.e.o. Nigel Newton has attributed partly to continued lockdown reading habits and the “phenomenal” impact of TikTok. Continue reading at The Bookseller
[ The Bookseller | 2021-10-27 14:20:32 UTC ]
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Titles such as Tom Kerridge’s latest cookbook prove popular for Bloomsbury during Covid pandemicCoronavirus – latest updatesSee all our coronavirus coverageBloomsbury, the Harry Potter publisher, has unveiled record sales and profits on the back of the popularity of titles including Tom... Continue reading at The Guardian
[ The Guardian | 2021-10-27 10:02:41 UTC ]
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Severn House publisher Kate Lyall Grant is joining Joffe Books as publishing director, to be succeeded at Severn House by Joanne Grant. Continue reading at The Bookseller
[ The Bookseller | 2021-10-08 16:06:12 UTC ]
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The House of SpeakEasy addresses book deserts by bringing free books directly to underserved communities with their SpeakEasy Bookmobile. Continue reading at Book Riot
[ Book Riot | 2021-10-04 10:36:00 UTC ]
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The Pointless presenter’s second crime novel, The Man Who Died Twice, has sold 114,202 copies in its first week on saleRichard Osman’s follow-up to The Thursday Murder Club, The Man Who Died Twice, has become one of the fastest-selling novels since records began.Published on 16 September, The... Continue reading at The Guardian
[ The Guardian | 2021-09-21 14:37:39 UTC ]
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