Comic book and graphic novel publisher Boom! Studios has an agreement to be acquired by Penguin Random House. Under the deal, expected to close this summer, Boom! Studios will join the Random House Worlds portfolio of imprints. PRH says Boom! “will retain their editorial and publishing independence,” reporting to Scott Shannon, who oversaw the deal for PRH. Keith Clayton, vp publisher, Random House Worlds, and Bill Takes, evp of business strategy, Random House Publishing Group, “will work alongside Shannon and the Boom! Studios team to help manage and integrate the new imprint.” Boom! titles will continue to be distributed by Simon […]
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TikTok Lifts Kindle Sales, Too
It’s not just for books. TikTok readers have discovered ereaders and self-proclaimed “Kindle girlies” are fueling device sales, particularly for Amazon. The WSJ speaks to vice president of Amazon Devices and Services Kevin Keith, who says in that vague happy Amazon way that “Kindle sales have grown in double-digit percentages for each of the past two years and are on track for similar gains this year.” Keith reports that a good portion of that growth — approximately 60 percent — comes from people who have never owned a Kindle ereader previously. (On the other hand, that also means that about […]
DK Acquires “A Kid’s Book About” Series
DK has acquired US-based media company A Kids Co.’s book series A Kid’s Book About. The line of children’s books, focused on diverse storytelling and representation, has been sold direct-to-consumers. DK had previously licensed and sold a portion of the line and now will sell the full list of 170 titles globally. A Kids Co. was founded in 2019 by author and entrepreneur Jelani Memory. The company will “continue to produce new podcasts, operate the direct to consumer business, seek brand partnerships outside of books, and pursue additional multi-media opportunities to tell impactful stories for kids of all ages.” Memory […]
The Latest Deal Category
We’ve made it official: You can now use the Fiction: Romantasy sub-category when reporting — or searching — deals at PublishersMarketplace.com.
IPG Sells Digital Distribution Business to Bookwire
Independent Publishers Group (IPG) will “upgrade” its ebook and audiobook distribution services by pairing with Bookwire to use their cloud-based system. In turn, Bookwire will take advantage of access to IPG’s digital print and distribution services. Update: According to a subsequent release from investment banking firm Oakins Desilva Phillips, Bookwire actually “acquired the digital distribution business of IPG and entered into a long-term strategic partnership.” Indeed, in a letter to clients, IPG ceo Joe Matthews wrote that “IPG has come to an agreement with Bookwire…to acquire IPG’s INscribe Digital business.” IPG ceo Joe Matthews says in the announcement, “IPG’s digital […]