"There is more treasure in books than in all the pirate's loot on Treasure Island." - Walt Disney

Sunday, November 4, 2012

Then There Were Five

In case you haven’t heard, the Big 6 are now the Big 5. Last weekend Random House and Penguin announced a merger.
Supposedly, these two major players in the book publishing industry have teamed up in order to better keep up with trends and offer more options to new writers. I believe the actual wording on the merger was to “better take on emerging markets and the digital publishing era.”
Penguin Random House, as it will be called by late 2013 when the two companies are scheduled to officially merge, will include all of the publishing divisions and imprints of the two companies in the U.S. and several other countries around the world. Until then, it’s business as usual for the two companies.
Still curious what this merger means for you? Agent Richard Curtis has one opinion and so does The Passive Voice.

3 comments:

Munir said...

I guess this better than one of them closing. Thanks for the info.

Jack Edwards Poetry said...

Thanks for the info, I suppose it would be better to have a single strong and versatile company than for one of them to fail.
But we should always support the smaller, independent presses. They do a lot for more local writing.

Julie Luek said...

I've read pros and cons about the impact this may have. Will they be in a better position to compete with Amazon? Are indies still better able, because of their smaller size, to be the more flexible and responsive to the market? It will be interesting to see.