Monday, October 29, 2012

And then there were five

Random House and Penguin are officially joining forces. While this will make the new joint venture the largest book publisher in the world, it remains to be seen whether the combined company will commence construction of the Death Star. The joint venture is intended to give the two companies more clout with Amazon and other ebook publishers, and Penguin's John Makinson says that the combined resources will allow the new company to "take risks with new authors" and "publish the broadest range of books on the planet." We shall see.

And they have chosen the name "Penguin Random House," which is much less interesting than Penguin House, Random Penguin, or my favorite, House Penguin.

The New York Times reports that the consolidation could lead to similar deals among the other big four publishers. For now, I'm just going to hope this works out better than the whole Continental-United thing.

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