Scholastic to Acquire 9 Story Media Group
Scholastic has signed a deal with children’s content creator, producer, and distributor 9 Story Media Group, in which it will acquire 100 percent economic interest in the company, as well as minority voting rights, for approximately $186 million. The two companies have previously collaborated on TV projects including the “Clifford the Big Red Dog” reboot for PBS Kids and Amazon Prime Video and “Eva the Owlet” on Apple TV+. Scholastic ceo and president Peter Warwick said in a release, “This highly strategic combination, adding 9 Story’s industry-leading capabilities with Scholastic’s trusted brand and proven ability to create iconic children’s series and […]
Distribution: Red Comet Press
Abrams will now sell and distribute Brooklyn-based independent children’s book publisher Red Comet Press. Abrams will sell titles in North America, while Abrams & Chronicle Books will sell titles in the UK and Europe.
New Books Publishing March 12
This week’s fiction releases include novels by Vinson Cunningham, Tamron Hall, and a rediscovered novel by Gabriel García Márquez, while Morgan Parker, Marilynne Robinson, and Emily Raboteau publish new nonfiction works. Also out this week are HEADSHOT by Rita Bullwinkel and ALL OUR YESTERDAYS by Joel H. Morris, both of which are excerpted in our Buzz Books 2024: Spring/Summer anthology. 21 works of fiction https://bookshop.org/lists/new-fiction-publishing-march-12 13 works of nonfiction https://bookshop.org/lists/new-nonfiction-publishing-march-12 From Buzz Books https://buzz.publishersmarketplace.com/ We consult a number of sources in compiling our weekly lists and PM members can see our […]
News Corp CFO Discusses Audio and AI Partnerships
At the Deutsche Bank Media, Internet, and Telecom Conference yesterday, News Corp CFO Susan Panuccio addressed Harper Collins’ disappointing results last year, partnering with Spotify, and the use of AI technology. Panuccio attributed Harper’s 2023 sales, which fell 10 percent, to “the Amazon reset with their logistics” and inflationary pressures on manufacturing. Additionally, she said, “quite frankly, we didn’t have as good of frontlist as what we have had in other years.” Still, Harper has succeeded in cutting costs and is in good shape for the rest of the year, she said, with the 5 percent reduction in headcount, as […]
People 3/12
Laura Essex has been promoted to audio editor at Hachette Audio.