At Harper Children’s, Audrey Diestelkamp has been promoted to director, marketing; Robert Imfeld to associate director; Sabrina Abballe to senior manager; and Michael D’Angelo to assistant manager. At Phaidon, vice president, group publisher, Deb Aaronson will now manage the entire editorial group, overseeing commissioning in all of Phaidon’s publishing categories, including art, architecture, cookery, design, general interest, photography, and children’s. Emilia Terragni has taken on a new role as associate publisher. Simon Hunegs has been promoted to project editor. Ellie Smith has rejoined in the role of managing editor, culinary team. Sarah Sullivan will join Scholastic on February 1 as national […]
eNews
South Korea’s Naver to Acquire Wattpad for More Than $600 Million
Further to recent reports that storytelling website Wattpad had put itself up for sale, on Tuesday publicly-held Korean internet conglomerate Naver said it would acquire Wattpad for cash and stock valuing the company at over $600 million. (The mix of cash versus stock is not being disclosed at this time.) Korea’s largest search engine, Naver’s properties also include digital comics publisher Webtoon — said to have 72 million monthly active users — which it sees as pairing well with Wattpad’s community. The deal is expected to close some time in the second quarter. Naver has a market cap of roughly […]
eBook Player Glose Is Acquired by Medium
In its ever-ambitious search for a business model and clear expression of why it exists at all, website Medium has acquired Paris-based Glose — an ebook platform and store, perhaps best known in the trade as the ebook vendor HarperCollins switched to for selling their ebooks directly to customers, after BookShout went of out of business. Glose and their roughly 20 employees will remain based in Paris, their ceo Nicolas Princen becoming vice president of books at Medium. Glose claims 1 million readers worldwide, and their separate Glose Education “serves as the ebook provider of choice for over a dozen […]
Wattpad Said to be Looking for A Big Sale
After receiving unsolicited interest from a US internet company last fall, Wattpad is reported to have invited bids for the company. The company is “now in active talks with multiple interested parties and could sign a deal as early as this month,” the Globe and Mail reports. By their account they are “in talks with multiple parties to potentially sell the enterprise for upward of $500 million.” The company told the paper, “We don’t have any news to share.” While the platform has lots of users — 90 million a month — after more than 14 years it still does […]
Corporate: Netflix Settles with Chooseco, and More
Chooseco’s lawsuit against Netflix over their interactive film Black Mirror: Bandersnatch has been settled, as the parties informed US District Court Judge William Sessions III on Monday at a status conference. The terms remain confidential, but “the parties did tell the judge of one slightly unusual condition — the judge’s Feb. 2020 opinion denying Netflix’s dismissal motion would have to be vacated.” The judge agreed, and thus “chose to pretend he never questioned whether Netflix’s film was explicitly misleading,” as THR puts it. In February, Judge Sessions had found that the existing facts were insufficient to support dismissal. In particular, he […]
People, Etc.
Kelsey Nolan has joined Ze Books and Unnamed Press as a publicity and marketing manager. She previously worked at the Los Angeles Times as the events programming manager. Cindy Kim has been promoted to associate editor for Little Simon. Andree Abecassis, 81, died November 4 at home in Berkeley, CA, following a brief struggle with cancer. For many years she worked at Ann Elmo Agency, founded by two of her aunts, and recently she had started working with Heyday Books. Best of 2020 The New York Public Library released their Best Books package, which includes top 10s for adults, poetry, […]