38-794: Penguin Group is a British trade book publisher and part of Penguin Random House , which is owned by the German media conglomerate Bertelsmann . The new company was created by a merger that was finalised on 1 July 2013, with Bertelsmann initially owning 53% of the joint venture, and Pearson PLC initially owning the remaining 47%. Since 18 December 2019, Penguin Random House has been wholly owned by Bertelsmann. Penguin Books has its registered office in City of Westminster , London. Its British division
76-508: A direct result of the investigation, sanctions were applied by the World Bank Group , namely a six-year debarment (reduced from eight years due to an early acknowledgment of misconduct by the company) declaring the company ineligible to be awarded Bank-financed contracts. In December 2011, Bedford, Freeman, and Worth Publishing Group, Macmillan's higher education group, changed its name to Macmillan Higher Education while retaining
114-609: A mass-market paperback publisher. In 1995, Penguin acquired the independent publisher Donald I. Fine. Penguin Group (USA) Inc. was formed in 1996 as a result of the merger between Penguin Books USA and the Putnam Berkley Group after Penguin acquired Putnam Berkley from MCA . The newly formed company was originally called Penguin Putnam Inc., but, in 2003, it changed its name to Penguin Group (USA) Inc. to reflect
152-466: A rate five per cent lower than most other major publishers. Following the announcement of the Apple iPad on 27 January 2010—a product that comes with access to the iBookstore —Macmillan gave Amazon.com two options: continue to sell e-books based on a price of the retailer's choice (the " wholesale model"), with the e-book edition released several months after the hardcover edition is released, or switch to
190-416: A settlement of the antitrust claims, in which Macmillan and the other publishers paid into a fund that provided credits to customers who had overpaid for books due to the price-fixing. In 2010, Macmillan Education submitted to an investigation on grounds of fraudulent practices. The Macmillan division admitted to bribery in an attempt to secure a contract for an education project in southern Sudan . As
228-412: A settlement of the antitrust claims, in which Penguin and the other publishers paid into a fund that provided credits to customers who had overpaid for books due to the price-fixing. On 26 October 2012, Pearson entered into talks with rival conglomerate Bertelsmann , over the possibility of combining their respective publishing companies, Penguin Group and Random House . The houses were considered two of
266-882: A total of 365 imprints. As of 2021, Penguin Random House employed about 10,000 people globally and published 15,000 titles annually under its 250 divisions and imprints. These titles include fiction and nonfiction for adults and children in both print and digital. Penguin Random House comprises Penguin and Random House in the United States, the United Kingdom, Canada, Australia, New Zealand, Portugal, and India; Penguin in Brazil, Asia and South Africa; Dorling Kindersley worldwide; and Random House's companies in Spain, Hispanic America, and Germany. On November 25, 2020, The New York Times reported that Penguin Random House
304-658: A wholly owned subsidiary of Holtzbrinck Publishing Group with offices in 41 countries worldwide and operations in more than thirty others. Macmillan was founded in London in 1843 by Daniel and Alexander MacMillan , two brothers from the Isle of Arran , Scotland. Daniel was the business brain, while Alexander laid the literary foundations, publishing such notable authors as Charles Kingsley (1855), Thomas Hughes (1859), Francis Turner Palgrave (1861), Christina Rossetti (1862), Matthew Arnold (1865) and Lewis Carroll (1865), with
342-413: A £2.4 million transaction between Bertelsmann and Pearson to merge their respective trade publishing companies, Random House and Penguin Group . Bertelsmann and Pearson, the parent companies, initially owned 53% and 47%, respectively. Jane Ciabattari of Library Journal has referred to this merger as the publishing industry's response to the increasing dominance of Amazon.com in the book market. Dohle
380-703: Is Penguin Books Ltd. Other separate divisions are located in the United States , Ireland , New Zealand , India , Australia , Canada , China , Brazil and South Africa . Penguin Books Ltd. (est. 1935) of the United Kingdom was bought by Pearson Longman in 1970. In 1975, Penguin acquired the American hardcover firm Viking Press . In 1986, Penguin acquired the New American Library ,
418-401: The agency model introduced to the industry by Apple, in which both are released simultaneously and the price is set by the publisher. In the latter case, Amazon.com would receive a 30 per cent commission . Amazon responded by pulling all Macmillan books, both electronic and physical, from their website (although affiliates selling the books were still listed). On 31 January 2010, Amazon chose
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#1732776317427456-574: The 'Big Six' publishing companies prior to the merger, which became the 'Big Five' upon its completion. The European Union approved the Penguin Random House merger on 5 April 2013. Penguin Group imprints include the following: Penguin Random House Penguin Random House Limited is a British-American multinational conglomerate publishing company formed on July 1, 2013, with
494-907: The Bedford, Freeman, and Worth name for its k–12 educational unit. Also, that month, Brian Napack resigned as Macmillan president while staying on for transitional purposes. In 2012, parent company Holtzbrinck reorganized; Macmillan's consumer publishing operations were now led by John Turner Sargent from New York City . In May 2015, London-based Macmillan Science and Education merged with Berlin-based Springer Science+Business Media to form Springer Nature , jointly controlled by Holtzbrinck Publishing Group and BC Partners . The following month, it dissolved its British-based imprint Boxtree Limited, which Macmillan had operated since 1986. In January 2019, Toronto, Canada-based online writing community Wattpad announced an agreement with Macmillan [sic, Springer Nature America] for handling sales and distribution in
532-531: The U.S. for its new publishing division Wattpad Books, alongside rival Penguin Random House that will handle the U.K. and India market, and Raincoast Books for the Canadian market. In November 2019, Macmillan announced that libraries would be able to buy only one copy of e-books for the first eight weeks after publication, in an effort to boost sales by creating long waits for borrowers at large library systems. This prompted complaints and some libraries boycotted
570-627: The acquisition would create a publisher with too much influence over books and author payments. In October 2022, the U.S. District Court for the District of Columbia ruled in favor of the Justice Department. On November 21, 2022, Penguin Random House officially scrapped the deal. As a result, it was to pay a $ 200 million termination fee to the recently-rebranded Paramount Global . Simon & Schuster would instead be sold to Kohlberg Kravis Roberts on October 30, 2023. In July 2024, it
608-480: The agency model preferred by Macmillan. In April 2012, the United States Department of Justice filed United States v. Apple Inc. , naming Apple , Macmillan, and four other major publishers as defendants. The suit alleged that they conspired to fix prices for e-books , and weaken Amazon.com 's position in the market, in violation of antitrust law . In December 2013, a federal judge approved
646-537: The business to Bertelsmann, thereby retaining a 25% holding. On December 18, 2019, Bertelsmann agreed to acquire Pearson's 25% stake in Penguin Random House, making it a wholly owned subsidiary of Bertelsmann. The sale was completed on April 2, 2020. In June 2020, Penguin Random House became part of a group of publishers who sued the Internet Archive , arguing that its collection of e-books
684-592: The chairmanship to his son Maurice Macmillan (who in turn left the government, having been Paymaster General in the defeated government of Edward Heath ) and took on the more honorific position of President until his death in December 1986. He had been with the family firm as a junior partner from 1920 to 1940 (when he became a junior minister), and from 1945 to 1951 while he was in the opposition in Parliament. The German Holtzbrinck Publishing Group purchased
722-545: The company created such enduring titles as Nature (1869), the Grove Dictionary of Music and Musicians (1877) and Sir Robert Harry Inglis Palgrave 's Dictionary of Political Economy (1894–99). George Edward Brett opened the first Macmillan office in the United States in 1869 and Macmillan sold its U.S. operations to the Brett family, George Platt Brett, Sr. and George Platt Brett , Jr. in 1896, resulting in
760-834: The company in 1999. Pearson acquired the Macmillan name in America in 1998, following its purchase of the Simon & Schuster educational and professional group (which included various Macmillan Inc. properties and trademarks). Holtzbrinck purchased it from them in 2001. McGraw-Hill continues to market its pre-kindergarten through elementary school titles under its Macmillan/McGraw-Hill brand. The US operations of Holtzbrinck Publishing changed its name to Macmillan in October 2007. Its audio publishing imprint changed its name from Audio Renaissance to Macmillan Audio, while its distribution arm
798-404: The completion of its purchase of Penguin Random House, which had been announced in December 2019, by buying Pearson plc 's 25% ownership of the company. With the purchase, Bertelsmann became the sole owner of Penguin Random House. Bertelsmann's German-language publishing group Verlagsgruppe Random House will be completely integrated into Penguin Random House, adding 45 imprints to the company, for
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#1732776317427836-472: The creation of an American company, Macmillan Publishing , also called The Macmillan Company (later known as Macmillan Inc.). Even with the split of the American company from its parent company in England, George Brett, Jr. and Harold Macmillan remained close personal friends. Macmillan Publishers held stake in the American company before divested it in 1951 and later re-entered the American market in 1952 under
874-581: The firm soon established itself as a leading publisher in Britain. It published two of the best-known works of Victorian-era children's literature, Lewis Carroll 's Alice's Adventures in Wonderland (1865) and Rudyard Kipling 's The Jungle Book (1894). Former Prime Minister of the United Kingdom , Harold Macmillan , grandson of co-founder Daniel, was chairman of the company from 1964 until his death in December 1986. Since 1999, Macmillan has been
912-453: The latter first meeting Alexander in London on 19 October 1863. Alfred, Lord Tennyson joined the list in 1884, Thomas Hardy in 1886 and Rudyard Kipling in 1890. Other major writers published by Macmillan included W. B. Yeats , Rabindranath Tagore , Nirad C. Chaudhuri , Seán O'Casey , John Maynard Keynes , Charles Morgan , Hugh Walpole , Margaret Mitchell , C. P. Snow , Rumer Godden and Ram Sharan Sharma . Beyond literature,
950-424: The market. According to The New York Times , Macmillan and other major publishers "fear that massive discounting [of e-books] by retailers including Amazon , Barnes & Noble and Sony could ultimately devalue what consumers are willing to pay for books." In response, the publisher introduced a new boilerplate contract for its authors that established a royalty of 20 per cent of net proceeds on e-book sales,
988-401: The merger of Penguin Books and Random House . Penguin Books was originally founded in 1935 and Random House was founded in 1927. It has more than 300 publishing imprints. Along with Simon & Schuster , Hachette , HarperCollins and Macmillan Publishers , Penguin Random House is considered one of the 'Big Five' English language publishers. On April 2, 2020, Bertelsmann announced
1026-437: The name St. Martin's Press . Macmillan of Canada was founded in 1905; Maclean-Hunter acquired the company in 1973. Following numerous mergers, Macmillan Canada dissolved in 2002 after John Wiley & Co. acquired it. After retiring from politics in 1964, former Prime Minister of the United Kingdom , Harold Macmillan , grandson of co-founder Daniel, became chairman of the company, serving until 1974 when he handed on
1064-503: The parent Pearson PLC's grouping of all the Penguin companies worldwide under the supervisory umbrella of Pearson's own Penguin Group division. The different Penguin companies use many imprints , many of which used to be independent publishers. Penguin Group (USA) Inc. also operates its own speaker's bureau that books speaking engagements for many of the publisher's authors. In 2011, the online writing and publishing community Book Country
1102-654: The producer of films based on Penguin Random House books. The Universal subsidiary Focus Features has frequently collaborated with Random House Films. Having previously created Puffin Rock animation, Richard Haines was chosen to head Penguin Random House Children's TV development strategy with the assistance of licensing, publishing, and TV development executive Emily Campan. In November 2015, Pearson announced it would rebrand to focus on its education division. On July 11, 2017, Pearson sold 22% of its stake in
1140-739: The site is no longer operational. Macmillan Publishers Macmillan Publishers (occasionally known as the Macmillan Group ; formally Macmillan Publishers Ltd in the UK and Macmillan Publishing Group, LLC in the US) is a British publishing company traditionally considered to be one of the "Big Five" English language publishers (along with Penguin Random House , Hachette , HarperCollins and Simon & Schuster ). Founded in London in 1843 by Scottish brothers Daniel and Alexander MacMillan ,
1178-464: Was a subsidiary online writing and publishing community. Book Country was launched in April 2011 with a focus on romance, mystery, science fiction, fantasy. On July 29, 2013, Book Country relaunched with online writing workshops in more than 60 literary categories, including literary fiction , memoir, and women's fiction . As of September 2013, the site had more than 10,000 members. As of November 2020,
Penguin Group - Misplaced Pages Continue
1216-515: Was announced that Penguin Random House would acquire comic book publisher Boom! Studios . DK (Dorling Kindersley) was founded in London in 1974. As of 2015, DK also has official publishing relationships with Angry Birds , Lego , Marvel , Star Wars , and Disney . Crown Publishing was founded in 1933 as the Outlet Book Company, a remainder house, and is now a publisher of fiction and narrative non-fiction. In 2018, Crown
1254-1009: Was combined with the main Random House Publishing Group. Penguin Young Readers Group is a division devoted to books for young readers and young adults. Handling distribution and marketing for Shambhala Publications , Disney Publishing Worldwide (including National Geographic Books ), Wizards of the Coast , Kodansha USA (including Vertical Inc. ), New York Review Books , Titan Books , Other Press , North Atlantic Books , Blue Star Press , DC Comics , Seven Seas Entertainment , and Dark Horse Comics among others. It also handles direct market distribution for Marvel Comics starting October 1, 2021, direct market distribution for IDW Publishing starting June 1, 2022, and direct market distribution for Dark Horse Comics starting June 1, 2023. Book Country
1292-576: Was denying authors and publishers revenue and accusing the library of "willful mass copyright infringement". On November 25, 2020, Penguin Random House agreed to purchase American publisher Simon & Schuster from ViacomCBS for $ 2.175 billion, with a formal regulatory approval process to follow the purchase agreement. On November 2, 2021, the US Justice Department filed a civil antitrust lawsuit to block Penguin Random House's proposed acquisition of Simon & Schuster, alleging that
1330-549: Was launched as a subsidiary of Penguin Group USA. On 11 April 2012, the United States Department of Justice filed United States v. Apple Inc. , naming Apple , Penguin, and four other major publishers as defendants. The suit alleged that they conspired to fix prices for e-books and weaken Amazon.com 's position in the market in violation of antitrust law . In December 2013, a federal judge approved
1368-439: Was named CEO of the new company, which had more than 10,000 employees worldwide with more than 250 imprints and publishing houses and a publishing list of more than 15,000 new titles a year. Penguin Random House relaunched Book Country, Penguin's online writing community, on July 29, 2013. On September 24, 2014, Random House Studio signed a first-look production deal with Universal Pictures , under which Random House would be
1406-399: Was planning to purchase Simon & Schuster from Paramount Global for $ 2.175 billion. However, on November 2, 2021, the U.S. Department of Justice sued to stop the deal on antitrust grounds, a suit that eventually succeeded on October 31, 2022. The deal formally collapsed on November 22, 2022. Penguin Random House was formed on July 1, 2013 by Markus Dohle upon the completion of
1444-420: Was renamed from Von Holtzbrinck Publishers Services to Macmillan Publishers Services. Pan Macmillan purchased Kingfisher, a British children's publisher, from Houghton Mifflin in October 2007. Roaring Brook Press publisher Simon Boughton would oversee Kingfisher's US business. By some estimates, as of 2009, e-books account for three to five per cent of total book sales, and are the fastest growing segment of
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