Penguin Random House Buying S&S

[autoretscriptor]

I see Penguin Random House is buying Simon & Schuster.

The new behemoth will publish 33% of new US books, versus 49% for Amazon (statistics from The Monster Publishing Merger Is About Amazon )

More on the merger here -- https://www.washingtonpost.com/ente...3d5382-2f40-11eb-860d-f7999599cbc2_story.html

Is industry consolidation affecting you in any way?

Do you find it curtailing the competition for your books?

 

[Boneman]

Ooh... does it make them stronger? Or will they sort the wheat from the chaff and cut jobs? Not a terrifically good idea, I fear.

 

[Jo Zebedee]

Generally I don’t think it’s a good thing, I’m Afraid

 

[Serendipity]

It depends... some buy-outs don't change the imprints, but are beneficial for a variety of reasons e.g. amalgamating printing operations, or covering more subject matter or geographical area. Others are yuck to say the least.

 

[Jo Zebedee]

It depends... some buy-outs don't change the imprints, but are beneficial for a variety of reasons e.g. amalgamating printing operations, or covering more subject matter or geographical area. Others are yuck to say the least.

In this case, both publishers are already massive and printing operations etc in place. It's more a symptom of how difficult publishing houses find it to make a profit these days. I have my own thoughts about the price they sell books for in eg supermarkets and the discounting in place, but that's for another day.

 

[Stephen Palmer]

Monoculture never works well.

 

[Parson]

In the end I think the headline will be Amazon wins again.

 

[Vladd67]

Ooh... does it make them stronger? Or will they sort the wheat from the chaff and cut jobs? Not a terrifically good idea, I fear.

I thought the staff were to busy breaking down in tears, because Penguin is trying to make a profit publishing Jordan Peterson’s new book, to actually do anything.

 

[HareBrain]

RANDOM S&S** PENGUIN BUYING HOUSE would have been even more newsworthy

** sword'n'sorcery, of course

 

[Guanazee]

My agent said its likely the imprints will stay separate and won't affect our subs, in children's anyway. I think I have one or two subs with Random House right now. We're getting ready to sub a children's sci fi series so I guess we'll see.

 

[Parson]

My agent said its likely the imprints will stay separate and won't affect our subs, in children's anyway. I think I have one or two subs with Random House right now. We're getting ready to sub a children's sci fi series so I guess we'll see.

Best of luck with this! Let us know how it all goes.