Manga company Tokyopop announced a regulation crowdfunding equity offering, that will allow the public to invest in the publisher. They write in a release, “This offering is designed to provide growth capital to scale that model—investing in new IP, expanding development opportunities, and increasing the company’s ability to bring stories to a global audience. Rather than relying on single, hit-driven outcomes, Tokyopop is building long-term value through a diversified portfolio of IP that can scale across formats and markets.” Currently, the share price is $5 and the minimum investment is $1000. They will raise up to $1.235 million. The company […]
Finance
Acquisitions: Red Wheel/Weiser Acquires Watkins Publishing
Red Wheel/Weiser has acquired Watkins Publishing, the flagship imprint of Watkins Media. Both companies are focused on mind, body, and spirit publishing. The transaction does not affect the company’s other publishing imprints (Angry Robot, Datura, Moon & Bird, Nourish and Repeater) or other properties. Distribution in the US will continue through PRH Publisher Services, and in the UK through Wiley, until June 30, 2026. Starting July 1, Mare Nostrum Group will handle UK and European distribution and Red Wheel/Weiser will oversee distribution in the US through its partnership with Books International and internationally through its partners. “There is a long […]
PRH Christian Acquires She Reads Truth
Penguin Random House Christian Publishing Group has acquired direct-to-consumer publisher She Reads Truth, for an undisclosed sum. She Reads Truth, which includes a podcast, app, website, social media channels, and subscription offerings, will become an imprint under the company’s direct-to-consumer arm, Grace Corner, and maintain its brand identity with co-founders Raechel Myers and Amanda Bible Williams, according to a release. “Since establishing our Christian Publishing Group, we have pursued a clear strategy to build on more than 30 years of leadership in this space—growing organically, through thoughtful acquisitions, and through the development of Grace Corner,” PRH cfo Manuel Sansigre said in […]
Globe Pequot Acquires Linden Publishing
Continuing their run of acquisitions, Globe Pequot has agreed to purchase California-based nonfiction publisher Linden Publishing. Advisory firm The Fisher Company negotiated the deal for Linden. “Linden Publishing has long been a cornerstone in the woodworking and crafts space,” Globe Pequot president Bob Marsh said in a release. “Their catalog aligns seamlessly with our existing strengths at Astragal Press and Stackpole Books. This acquisition allows us to deepen our presence in these categories while leveraging the rich backlist and intellectual property Linden has developed over decades. We see tremendous opportunity to expand these titles through new formats, merchandising, and cross-promotion […]
Scholastic Begins $200 Million Share Buyback Program
Scholastic formalized the Dutch auction cash tender offer that they announced with their third quarter earnings. The company plans to buy back up to $200 million in shares of between $36 and $40 per share, acquiring back about 25 percent of shares outstanding. The offer will expire end of day on April 20, unless is it extended or terminated earlier. Stock traded at $37.25 on Friday, the last day of trading before the offer commenced, and has hit $39.10 this morning.
Media Do to Acquire Seven Seas Entertainment
Japanese ebook distribution company Media Do will purchase manga publisher Seven Seas Entertainment for $80 million, Comics Beat reports. Seven Seas will note make any changes to its staff, editorial plans, or distribution, which is currently handled by Penguin Random House Publishers Services. “For more than twenty years, our focus has been simple: publishing exceptional stories and treating them with care, respect, and the passion of fans who never forget what drew us to these stories in the first place,” Seven Seas ceo and founder Jason DeAngelis said in a release. “This partnership strengthens our long-term position while preserving the […]