8/17/2023 0 Comments Penguin publisher![]() On July 11, 2017, Pearson sold a 22% stake in the business to Bertelsmann, thereby retaining a 25% holding. In November 2015, Pearson announced it would rebrand to focus on its education division. Having previously created Puffin Rock animation, Richard Haines was chosen to head Penguin Random House Children's TV development strategy with the assistance of licensing, publishing, and TV development executive Emily Campan. The Universal subsidiary Focus Features has frequently collaborated with Random House Films. On September 24, 2014, Random House Studio signed a first-look production deal with Universal Pictures, under which Random House would be the producer of films based on Penguin Random House books. Penguin Random House relaunched Book Country, Penguin's online writing community, on July 29, 2013. Markus Dohle was named CEO of the new company, which had more than 10,000 employees worldwide with over 250 imprints and publishing houses and a publishing list of more than 15,000 new titles a year. Jane Ciabattari of Library Journal has referred to this merger as the publishing industry's response to the increasing dominance of in the book market. Bertelsmann and Pearson, the parent companies, initially owned 53% and 47%, respectively. Penguin Random House was founded on July 1, 2013, by Markus Dohle upon the completion of a £2.4 billion transaction between Bertelsmann and Pearson to merge their respective trade publishing companies, Random House and Penguin Group. ![]() The deal formally collapsed on November 22, 2022. Department of Justice sued to stop the deal on antitrust grounds, a suit that eventually succeeded on October 31, 2022. On November 25, 2020, The New York Times reported that Penguin Random House was planning to purchase Simon & Schuster from Paramount Global for $2.175 billion. Penguin Random House comprises Penguin and Random House in the U.S., UK, Canada, Australia, New Zealand, Portugal, and India Penguin in Brazil, Asia and South Africa Dorling Kindersley worldwide and Random House's companies in Spain, Hispanic America, and Germany. These titles include fiction and nonfiction for adults and children in both print and digital. As of 2021, Penguin Random House employed about 10,000 people globally and published 15,000 titles annually under its 250 divisions and imprints.
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