Investment firm The Chernin Group has purchased a minority stake in Entangled. Entangled co-founder and ceo Liz Pelletier retains majority ownership and “maintain[s] full creative control,” a release states. The deal values Entangled at approximately $400 million, sources tell the WSJ. That puts Entangled in league with Sourcebooks for helping to break long-established precedents on cracking the highest echelons of trade publishing. (And the two are joined by the smaller Zando as a trio of independently run, female-led publishers growing at high rates.) A release states that the partnership will allow Entangled’s IP “to expand into global multimedia franchises spanning […]
