Recorded Books has acquired audio publisher Tantor Media, with a catalog of approximately 5,000 titles. Sale terms were not officially disclosed but the NYT reports the price was “about $25 million.” Private equity firm Wasserstein & Co. acquired Recorded Books from Haights Cross Communications a little less than a year ago, and then they bought HighBridge Audio from Workman Publishing in April, which was integrated into Recorded Books. Wasserstein co-managing partner Anup Bagaria tells the NYT, “We’ve taken a sleepy business and really accelerated growth” through acquisitions and organic improvements. Tantor will continue to operate out of its current Old Saybrook, CT facility. Jones Day […]
Audio
Corporate: Opening Sales of Over 1 Million for Wimpy Kid, and PRH Launches Audio App
Abrams reports another strong opening week of sales for the latest Jeff Kinney book, DIARY OF A WIMPY KID: THE LONG HAUL. CEO Michael Jacobs says in the release sales “out of the gate have been exceptional and are accelerating briskly. Already more than 1 million copies have sold in the first seven days. He adds, “Our strategy of releasing the new book simultaneously in all the English language territories has shown the global power of Jeff’s books. With eight more countries set to publish The Long Haul before the end of the year, we’re confident that Diary of a […]
Scribd Adds Audiobooks to Their Subscription Plan
Scribd substantially expanded their subscription reading service on Thursday morning, adding a collection of more than 30,000 audiobooks titles, available for unlimited streaming and downloading as a part of their regular $8.99 subscription service, alongside the ebooks they have offered since October 2013. In contrast to the ebooks, which are mostly backlist titles, the audiobook catalog includes frontlist titles as well from many of the participating publishers. The biggest named participants are HarperCollins and also Scholastic from the trade publishing side (so the Hunger Games trilogy is there), as well as Blackstone Audio and Naxos. The audio collection is supplied […]
Amazon Acquires Audio Content Producer Rooftop Media for Audible
Amazon has acquired Rooftop Media, a ten-person company that records comedians in performance and licenses digital rights to thousands of hours of broadcast and recorded comedy, Reuters reports. (The acquisition was not announced by the company itself.) Rooftop will become part of Audible.com, which Rooftop ceo Will Rogers says “is obsessed with producing incredible programming.” Audible ceo Don Katz said in a statement, “Audible Studios has been conceiving and producing original content in mystery, science fiction and other genres for years…. With Rooftop’s rich comedic offerings and vast pool of comedy talent, we foresee an even more exciting selection of original spoken-word […]
People, Etc.
Camille McDuffie is leaving her position as president of Goldberg McDuffie Communications to join the newly-created Columbia Global Reports as publisher, under director Nicholas Lemann. It’s a Columbia University-based publishing project “dedicated to the production of sustained, original reporting and analysis on under-reported global issues for audiences that extend beyond the academy,” and they will produce four to six short books a year, for publication beginning in fall 2015. Also joining the unit as editor is Jimmy So, who was a culture and books editor at The Daily Beast. At William Morrow, Jessica Williams has been promoted to editor. Heather Alexander […]
More Acquisitions: Recorded Books Buys Highbridge Audio, Harper Christian Buys Olive Tree
We already have to expand our recap of mergers and acquisitions for 2014: Workman Publishing announced the sale of its audiobook imprint HighBridge to Recorded Books as of May 1. (As noted in our list of 2014, Recorded Books itself was bought by new investors earlier this year.) Workman will continue to distribute HighBridge, and Workman imprint Algonquin will continue to license audio rights of select titles to HighBridge. The deal is notable since historically Workman has always been a buyer, not a seller, of assets. They acquired HighBridge in 2006 from Target. Carol Workman says in the announcement: “Our affiliation with HighBridge has […]