Penguin Group: Difference between revisions

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On 11 April 2012, the [[United States Department of Justice]] filed ''[[United States v. Apple (2012)|United States v. Apple Inc.]]'', naming [[Apple Inc.|Apple]], Penguin, and four other major publishers as defendants.  The suit alleged that they conspired to [[price-fixing|fix prices]] for [[e-books]] and weaken [[Amazon.com]]'s position in the market in violation of [[United States antitrust law|antitrust law]].<ref name="washington post DOJ sues">{{cite news |url=https://www.washingtonpost.com/business/economy/justice-department-files-suit-against-apple-publishers-report-says/2012/04/11/gIQAzyXSAT_story.html |title=Justice Department sues Apple, publishers over e-book prices |newspaper=[[The Washington Post]] |date=11 April 2012 |access-date=1 June 2014 |author=Mui, Ylan Q. and Hayley Tsukayama}}</ref> In December 2013, a federal judge approved a settlement of the antitrust claims, in which Penguin and the other publishers paid into a fund that provided credits to customers who had overpaid for books due to the price-fixing.<ref name="usatoday settlements rolling out">{{cite news |url=https://www.usatoday.com/story/tech/2014/03/25/amazon-settlements-ebooks/6869033/ |title=E-book price fixing settlements rolling out |work=USA Today |date=25 March 2014 |access-date=1 June 2014 |author=Molina, Brett}}</ref>
On 11 April 2012, the [[United States Department of Justice]] filed ''[[United States v. Apple (2012)|United States v. Apple Inc.]]'', naming [[Apple Inc.|Apple]], Penguin, and four other major publishers as defendants.  The suit alleged that they conspired to [[price-fixing|fix prices]] for [[e-books]] and weaken [[Amazon.com]]'s position in the market in violation of [[United States antitrust law|antitrust law]].<ref name="washington post DOJ sues">{{cite news |url=https://www.washingtonpost.com/business/economy/justice-department-files-suit-against-apple-publishers-report-says/2012/04/11/gIQAzyXSAT_story.html |title=Justice Department sues Apple, publishers over e-book prices |newspaper=[[The Washington Post]] |date=11 April 2012 |access-date=1 June 2014 |author=Mui, Ylan Q. and Hayley Tsukayama}}</ref> In December 2013, a federal judge approved a settlement of the antitrust claims, in which Penguin and the other publishers paid into a fund that provided credits to customers who had overpaid for books due to the price-fixing.<ref name="usatoday settlements rolling out">{{cite news |url=https://www.usatoday.com/story/tech/2014/03/25/amazon-settlements-ebooks/6869033/ |title=E-book price fixing settlements rolling out |work=USA Today |date=25 March 2014 |access-date=1 June 2014 |author=Molina, Brett}}</ref>


On 26 October 2012, Pearson entered into talks with rival conglomerate [[Bertelsmann]], over the possibility of combining their respective publishing companies, Penguin Group and [[Random House]]. The houses were considered two of the 'Big Six' publishing companies prior to the merger,<ref>{{cite web |last=Edgecliffe |first=Andrew |url=http://www.ft.com/cms/s/0/eaf8eaaa-1eac-11e2-be82-00144feabdc0.html |title=Penguin and Random House in deal talks |work=[[Financial Times]] |date=26 October 2012 |access-date=27 February 2014}}</ref> which became the 'Big Five' upon its completion. The [[European Union]] approved the [[Penguin Random House]] merger on 5 April 2013.
On 26 October 2012, Pearson entered into talks with rival conglomerate [[Bertelsmann]], over the possibility of combining their respective publishing companies, Penguin Group and [[Random House]]. The houses were considered two of the 'Big Six' publishing companies prior to the merger,<ref>{{cite web |last=Edgecliffe |first=Andrew |url=https://www.ft.com/content/eaf8eaaa-1eac-11e2-be82-00144feabdc0 |title=Penguin and Random House in deal talks |work=[[Financial Times]] |date=26 October 2012 |access-date=27 February 2014}}</ref> which became the 'Big Five' upon its completion. The [[European Union]] approved the [[Penguin Random House]] merger on 5 April 2013.


==Imprints==
==Imprints==

Latest revision as of 03:23, 7 October 2025

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Penguin Group is a British trade book publisher and part of Penguin Random House, which is owned by the German media conglomerate Bertelsmann. The new company was created by a merger that was finalised on 1 July 2013, with Bertelsmann initially owning 53% of the joint venture, and Pearson PLC initially owning the remaining 47%.[1] Since 18 December 2019, Penguin Random House has been wholly owned by Bertelsmann.[2]

Penguin Books has its registered office in the City of Westminster, London.[3][4]

Its British division is Penguin Books Ltd. Other separate divisions are located in the United States, Ireland, New Zealand, India, Australia, Canada, China, Brazil and South Africa.

History

Penguin Books Ltd. (est. 1935) of the United Kingdom was bought by Pearson Longman in 1970. In 1975, Penguin acquired the American hardcover firm Viking Press.[5] In 1986, Penguin acquired the New American Library, a mass-market paperback publisher.[6] In 1995, Penguin acquired the independent publisher Donald I. Fine.[7]

Penguin Group (USA) Inc. was formed in 1996 as a result of the merger between Penguin Books USA and the Putnam Berkley Group after Penguin acquired Putnam Berkley from MCA.[8][9] The newly formed company was originally called Penguin Putnam Inc., but, in 2003, it changed its name to Penguin Group (USA) Inc. to reflect the parent Pearson PLC's grouping of all the Penguin companies worldwide under the supervisory umbrella of Pearson's own Penguin Group division.

The different Penguin companies use many imprints, many of which used to be independent publishers.[10] Penguin Group (USA) Inc. also operates its own speaker's bureau that books speaking engagements for many of the publisher's authors. In 2011, the online writing and publishing community Book Country was launched as a subsidiary of Penguin Group USA.[11]

On 11 April 2012, the United States Department of Justice filed United States v. Apple Inc., naming Apple, Penguin, and four other major publishers as defendants. The suit alleged that they conspired to fix prices for e-books and weaken Amazon.com's position in the market in violation of antitrust law.[12] In December 2013, a federal judge approved a settlement of the antitrust claims, in which Penguin and the other publishers paid into a fund that provided credits to customers who had overpaid for books due to the price-fixing.[13]

On 26 October 2012, Pearson entered into talks with rival conglomerate Bertelsmann, over the possibility of combining their respective publishing companies, Penguin Group and Random House. The houses were considered two of the 'Big Six' publishing companies prior to the merger,[14] which became the 'Big Five' upon its completion. The European Union approved the Penguin Random House merger on 5 April 2013.

Imprints

Penguin Group imprints include the following:[15] Script error: No such module "Template wrapper".Script error: No such module "Check for unknown parameters".

See also

References

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  1. ↑ Mark Sweney "Penguin and Random House merger to create biggest book publisher ever seen", The Guardian, 29 October 2012
  2. ↑ Spahr, Wolfgang (18 December 2019) "BMG Parent Bertelsmann to Acquire Full Stake in Penguin Random House" Billboard
  3. ↑ "26. What is Penguin Books Limited's company registration number? Template:Webarchive" Penguin Books. Retrieved 28 August 2009.
  4. ↑ "Maps Template:Webarchive." City of Westminster. Retrieved 28 August 2009.
  5. ↑ Script error: No such module "citation/CS1".
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External links

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Template:BIG6 PUBLISHERS USA Template:Penguin Random House Template:Portal bar Template:Authority control

de:Penguin (Verlag)

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