Publishing News
Disney Publishing Worldwide is shifting its global sales and distribution services to Penguin Random House Publisher Services (PRHPS), effective April 1, 2023. Disney will also expand their subsidiary Marvel Publishing’s existing partnership with PRHPS. Disney is leaving their partnership with Hachette Book Group, which has distributed Disney books since 2013.
French media conglomerate Vivendi now owns just over 55% of Lagardere, parent company of Hachette Book Group, having purchased 11 million shares, and may acquire more. The European Union’s antitrust department, the European Commission, is still reviewing the terms of the deal.
Book wholesaler Baker & Taylor UK has been acquired by the Little Group, which also owns wholesaler Gardners, Browns Books, and the Hive. the B&T executive chairman Gareth Powell and managing director Annette Burgess will serve on the board of directors and continue to run daily operations with existing senior management. No staff changes are planned, and the operation will keep the Baker & Taylor name. B&T was sold by a private investment group that purchased it from Follett last year.
This report and more like it in the July 2022 issue of Locus.
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