Penguin Random House

from Wikipedia, the free encyclopedia
Penguin Random House LLC

logo
legal form Limited Liability Company
founding 2013
Seat New York City United States
United StatesUnited States 
management
Number of employees 10,663
sales 6.651 billion euros
Branch Publishing
Website www.penguinrandomhouse.com
As of December 31, 2019

Penguin Random House , based in New York City, is the largest group of consumer publishers in the world. It was created in 2013 through the merger of Random House and Penguin Books . The company belongs to the German media group Bertelsmann . Penguin Random House is primarily present in the English and Spanish - speaking world and is a sister company of the German publishing group Random House based in Munich . The group consists of more than 250 independent publishers operating on the market and brings more than 15,000 new publications onto the market every year.

history

In 2012 it was announced that Bertelsmann and Pearson were negotiating a merger of their publishers. The merger was officially confirmed on October 29, 2012, subject to antitrust reviews. At this point in time, Random House had sales of around 1.7 billion euros, while Penguin Books sales amounted to the equivalent of 1.3 billion euros. The merger of the two publishers was explained with the challenges of the digital distribution of books and the increased internationalization of business. Bertelsmann took over 53% of Penguin Random House , Pearson 47% of the shares in the company.

In February 2013, the United States Department of Justice approved the merger unconditionally, followed a few months later by the European Commission . She noted that Penguin Random House would continue to compete with several strong competitors. In the area of book production , too , the participating companies' market shares were rated as low. The merger came to an end on July 1, 2013, and Markus Dohle took over the management of the publishing house . Since then, Penguin Random House has all branches in the United States , Canada , Great Britain , Australia , New Zealand , India and South Africa as well as Spain and Latin America . After Bertelsmann acquired all of the shares in the Random House Mondadori joint venture in 2012 , the Spanish-language publishers will continue to operate as the Penguin Random House Grupo Editorial after the merger . In 2019, Penguin Random House achieved sales of around 6.7 billion euros.

In July 2017, Bertelsmann announced that it would take over 22% of the shares held by Pearson, so that Bertelsmann now holds 75% and Pearson 25%. In December 2019, Bertelsmann announced that in the second quarter of 2020 they also wanted to take over the shares that were still held by Pearson.

criticism

After the merger, there were voices critical of the fact that Random House now controls a quarter of global book production. For authors, this could lead to deterioration, among other things, if the publishers of the group would no longer compete for book rights.

Web links

Individual evidence

  1. ↑ Götz Hamann: Hug, get set, go! In: The time . No. 27 , 2013 ( zeit.de [accessed on March 19, 2014]).
  2. ↑ a b c Annual Report 2019 (PDF) Bertelsmann, March 24, 2020, pp. 20, 132 , accessed on May 4, 2020 .
  3. ↑ Fusion: Bertelsmann creates the world's largest book publisher. In: Spiegel Online. July 1, 2013, accessed March 20, 2014 .
  4. ↑ Penguin Random House is born. In: book report. October 29, 2012, accessed March 20, 2014 .
  5. ↑ Trade Policy: This is how American the US best sellers are. (No longer available online.) In: Spiegel Online. September 18, 2017, archived from the original on September 22, 2017 ; accessed on September 19, 2017 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.spiegel.de
  6. ↑ Are Random House and Penguin merging? In: BuchMarkt. October 26, 2012, accessed March 21, 2014 .
  7. ↑ Over a billion books a year. In: the daily newspaper. October 29, 2012, accessed March 21, 2014 .
  8. ↑ A new giant in the book market. In: tagesschau. October 29, 2012, accessed March 21, 2014 .
  9. ↑ Gina Thomas: The end of a brand. In: Frankfurter Allgemeine Zeitung. October 29, 2012, accessed March 21, 2014 .
  10. ↑ Caspar Busse: Bertelsmann is planning super-publishing. In: Süddeutsche Zeitung. October 26, 2012, accessed March 21, 2014 .
  11. ↑ Bertelsmann and Pearson create the world's largest book publisher. In: Focus Online. October 29, 2012, accessed March 21, 2014 .
  12. ↑ Martin Holland: Random House and Penguin mega merger approved in the USA. In: heise online. February 15, 2013, accessed March 21, 2014 .
  13. ↑ Jürgen Kuri: EU: Bertelsmann Random House and Penguin are allowed to go together. In: heise online. April 5, 2013, accessed March 21, 2014 .
  14. ↑ Brussels donates the publishing giant's blessing. In: book report. April 10, 2013, accessed March 21, 2014 .
  15. ↑ Fusion creates the world's largest book publisher. In: Handelszeitung. July 1, 2013, accessed March 21, 2014 .
  16. ↑ Penguin Random House is born. In: book report. October 29, 2012, accessed March 21, 2014 .
  17. ^ Bertelsmann Takes Full Ownership of Random House Mondadori. In: Publishers Weekly . November 5, 2012, accessed March 21, 2014 .
  18. ↑ Random House Mondadori becomes Penguin Random House Grupo Editorial. Bertelsmann, November 5, 2013, accessed on March 21, 2014 .
  19. ↑ July 11, 2017 , Handelsblatt
  20. ↑ Bertelsmann takes over Penguin Random House completely , Deutschlandfunk, December 18, 2019.
  21. ↑ Plot thickens for authors as Penguin and Random House merger creates £ 2.6bn powerhouse , Guardian.com, July 28, 2013

Coordinates: 40 ° 45 ′ 55 "  N , 73 ° 58 ′ 57"  W.