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Posts tagged Penguin Random House

Penguin caught out cheating readers on Zoella book launch?
December 12, 2014 | 11:51 am

Showing the kind of ethics you would expect from the owners of Author Solutions, Penguin Random House has apparently been caught out in a lie over the launch of the bestseller Girl Online from social media celebrity Zoella (a.k.a. Zoe Sugg) previously covered in Teleread. Because, as reported in The Bookseller, Zoella was a.k.a. not-the-author, and the ghostwriter who actually penned most of the words, Siobhan Curham, received no credit. And the resulting shitstorm has been enough to drive Zoella herself off the medium that made her - the internet - at least temporarily. And now, The Guardian and many other sources are simply and directly asking: "How much of Girl Online did she really write?"...

Bertelsmann confirms how bogus anti-Amazon animus is, hits seven-year revenue high
November 14, 2014 | 6:25 pm

Bertelsmann has provided yet more irrefutable evidence of how hollow, fake, and self-serving the whole Hachette/Authors United anti-Amazon spat was, as the post-Penguin/Random House-merger, post-digital disruption Big Five giant delivers its highest year-to-date revenue results for the past seven years. "Revenues at September 30, 2014 were up 4.3 percent year-on-year to €11.82 billion [$14.74 billion] (previous year: €11.33 billion [$14.1 billion]), reaching their highest level in seven years," the Bertelsmann press release stated. "The strategic transactions of the past 18 months contributed significantly to these increases – including the combination of Penguin and Random House, Arvato’s takeover of the financial...

No fault in Penguin Random House stars as Bertelsmann books a big win
September 1, 2014 | 12:25 pm

BertelsmannPenguin Random House demonstrated once again what a cozy, fusty, highbrow, unworldly world modern publishing is by bringing home the fat juicy bacon for parent Bertelsmann. And it was all in our stars. As The Hollywood Reporter ... um ... reported, "John Green’s unstoppable young adult melodrama The Fault in Our Stars lifted the fortunes of German media giant Bertelsmann, which controls the book’s publisher Penguin Random House. Sales of the The Fault in Our Stars novel spiked ahead of the release of Josh Boone’s feature film adaptation ... The book sold more than four million copies in print and...

Who exactly owns aNobii?
August 7, 2014 | 4:25 pm

sainsburys_logoThe Bookseller reported that UK department store chain Sainsbury's has bought out its publisher partners HarperCollins and Penguin Random House in aNobii, the book-focused social media platform originally launched by Greg Sung in Hong Kong in 2006, and has raised the 64 percent stake it bought from HMV for £1 in June 2012 to 100 percent. The aNobii website itself is headed up by a press announcement from Italian publisher Mondadori which reads "Mondadori buys aNobii." According to this, Mondadori has taken over "Anobii Ltd. the brand and the assets of the social reading service which has a million users around the world and over 300,000 in...

Penguin Random House and the Harper Lee memoir controversy
July 16, 2014 | 4:36 pm

to-kill-a-mockingbird-JPEG_thumb.jpgThe dispute between Harper Lee and her self-styled chronicler Marja Mills is receiving substantial coverage for a feud that goes back to 2011, when Penguin originally acquired the rights to Mills's The Mockingbird Next Door: Life with Harper Lee.  Even at that point, Lee's attorneys released a statement from the celebrated author that she had not "willingly participated in any book written or to be written by Marja Mills. Neither have I authorized such a book. Any claims otherwise are false." Mills, however, insisted that she had written confirmation from Lee's sister Alice that both sisters had cooperated with the...

Bertelsmann leaves the club as retail book arm closes
July 7, 2014 | 10:25 am

Gerrman media giant Bertelsmann, part owner with Pearson of Big Five behemoth Penguin Random House, is reportedly closing its direct-to-consumer book sales business in Europe, Der Club, and its few retail bookstore premises. According to the Wall Street Journal report, "The company's retail locations as well as the online store, branded under the 'Der Club' label, will cease operations in Germany, Austria and Switzerland by the end of 2015, spelling the end to almost all of Bertelsmann's remaining bookselling activities." A residual business will continue to operate in Russia, the Ukraine, and Spain. As the German press remarks, this decision has long...

Myindependentbookshop.co.uk isn’t yours. And it’s not a bookshop. And it’s absolutely not independent.
May 28, 2014 | 9:25 am

MyIndependentMoving on from Author Solutions scams, Penguin Random House has hit on another wheeze to attempt to convince the UK that it's the put-upon little guy gamely squaring up to big bully Amazon, in the shape of the new book recommendation community site myindependentbookshop.co.uk. This freewheeling "independent" version of Goodreads asks: "When it comes to finding your next read, nothing beats a personal recommendation. So what if you could show off the books you love and share recommendations with friends, fellow bookworms and even authors – wherever they are. How?" Actually, how readers would normally do it is via Goodreads, or...

Bertelsmann CEO gives insights into European media moves
April 29, 2014 | 6:16 pm

Bertelsmann Penguin Random House welcome bannerThe Financial Times has aired an exclusive interview with Thomas Rabe, CEO of Bertelsmann - Europe's biggest media group, and one of its largest family-owned privately held businesses. Oh, and part owner alongside Pearson of Penguin Random House. The Bertelsmann CEO admits that his charge may not only be disadvantaged compared to the likes of Google and Amazon, but also starting from a trailing position - which, however, has recently improved. "I honestly think that we have caught up massively in the past 15 to 18 months,” he says. This situation may be partly the result of the group's response to...

Penguin Random House CEO makes great Dohle about growth, discoverability
April 11, 2014 | 2:25 pm

penguin random housePenguin  Random House CEO Markus Dohle has given an interview with Buchreport.express, which has been shared with the German press. In it, he gives a status report on the integration of Penguin and Random house, particularly in Europe, as well as the company's latest efforts in discoverability and other new horizons of publishing, which he describes as: "A lot of experiments, which also often fail ." Dohle says for one thing that recent signs of publishing M&A picking up should not be taken too seriously - yet. "Much will depend on whether the Penguin Random House fusion works. In the positive...

Penguin Random House UK CEO: You’ve never had it so good
April 7, 2014 | 10:25 am

publishersAs interviewed by Jennifer Rankin in The Observer, the Sunday imprint of the UK's Guardian, Tom Weldon, UK CEO of Penguin Random House, has some good things to say about the state of publishing. Good for publishers at least.  He declares that: ""Some commentators say the publishing industry is in enormous trouble today. They are completely wrong, and I don't understand that view at all." To judge from Weldon's comments, and some others quoted by Rankin in the article, publishing has actually managed the transition into the digital era.  "In the last four years, Penguin and Random House have had the...

Jonathan Cape holds open submissions month: Do they know something we don’t?
April 2, 2014 | 4:25 pm

Venerable, highly reputable UK publishing imprint Jonathan Cape has announced that it will be throwing open the doors for the whole of June this year, inviting open submissions of fiction " from new writers of high calibre and imagination." This ought to be of interest to any aspirant or even established writers. But it also invites some interesting speculation - which could be on the mark, or a shot in the dark. You decide. Jonathan Cape originally opened in the 1920s, and boasted writers such as Ian Fleming and James Joyce in its prime. Part of Chatto and Windus from 1969,...

Enders Analysis report reaches questionable conclusions on UK ebook growth
March 19, 2014 | 4:10 pm

A research report "Creative UK: Overview of the digital transformation of the UK creative economy," co-produced by Enders Analysis and Bain & Company, has concluded, in terms that The Bookseller has chosen to highlight, that "in volume terms, we expect e-books to become about 35% of the total market in the next two years, and then continue to rise only very slowly." Unless I'm not reading this report in enough detail, I'm not clear what data this conclusion is based on. The tone of the entire report is very anecdotal, rather than detail-driven, and there's no clear indication whether, for...