Pearson, Penguin's parent company,
acquired Author Solutions (Thomas Nelson's partner in its WestBow Press division), and now Random House and Penguin have announced plans to merge.
Yesterday, news broke that Pearson (parent company of Penguin) had
acquired Author Solutions for $ 116 million.
Penguin
acquired Author Solutions for $ 116 million in July, but the company continues to operate independently and «Penguin is not involved in any of our partnership businesses,» ASI CEO Kevin Weiss told me.
Should self - publishers care that Pearson, the corporate parent of Penguin Group, has
acquired Author Solutions and its subsidiaries?
When Penguin's parent company Pearson
acquired Author Solutions last summer, there were some speculations as to the motives.
In June 2012, Penguin
acquired Author Solutions from Bertram Capital for $ 116 million, and according to a company statement reported at that time, Author Solutions generated $ 100 million in revenue in 2011 and has grown at about 12 percent per year for the past three years.
In July 2012, Penguin
acquired Author Solutions from Bertram Capital for $ 116 million.
The news came recently that Penguin Group, one of the largest book publishers in the world, has
acquired Author Solutions Inc (ASI), a leading provider of services for self - publishing writers, for $ 116 million.
Today, major publisher Penguin
acquired Author Solutions, one of the largest self - publishing platforms, for $ 116 million.
«LONDON — Pearson PLC, a provider of education and consumer publishing services, said Thursday
it acquired Author Solutions Inc from Bertram Capital for 116 million dollars in cash, adding that it expects the acquisition to enhance adjusted earnings per share in its first full year.»
With Penguin recently
acquiring Author Solutions, who knows what Penguin will turn over from their slush / pass piles to Author House to «follow up» on.
Not exact matches
Speaking of me... Last night I wrote a little bit about the spin in the official press release announcing Pearson's
acquiring of
Author Solutions, lamenting how they want us all to think that most of
Author Solutions» employees work in the U.S. I also voiced my disapproval of the non-response response I got from Erica Glass.
Earlier this year,
Author Solutions acquired another one of its competitors, Xlibris; entered partnerships with traditional publishers Thomas Nelson and Harlequin to create self - publishing imprints; and partnered with Sony to make all of their books available as eBooks.
Whether through a U.S. or international imprint, self - publishing helps
authors be recognized and, in rare circumstances, potentially
acquired by a traditional publisher or film producers, some of whom have turned to
Author Solutions to uncover new talent and emerging voices.
BLOOMINGTON and NEW YORK CITY - Aug. 6, 2014 - Aladdin Books, an imprint of Simon & Schuster Children's Publishing, and Archway Publishing, a self - publishing service operated for Simon & Schuster by
Author Solutions, LLC, announced today that Aladdin has
acquired publication rights to Strays, a novel by Virginia Castleman.
Read up on more of our
acquired authors and see a complete list of
Author Solutions titles that have been picked up by traditional publishers on our acquisitions page.
BLOOMINGTON, Ind. and NEW YORK, N.Y. - Aug. 6, 2014 - Aladdin Books, an imprint of Simon & Schuster Children's Publishing, and Archway Publishing, a self - publishing service operated for Simon & Schuster by
Author Solutions, LLC, announced today that Aladdin has
acquired publication rights to Strays, a novel by Virginia Castleman.
BLOOMINGTON, Ind. — June 3, 2014 — WestBow Press, the strategic, supported self - publishing alliance between HarperCollins Christian Publishing and
Author Solutions, LLC, is pleased to announce that Thomas Nelson has
acquired David Charles Spurgeon's memoir, Bikin» and Brotherhood — My Journey.
Author Solutions,
acquired by Pearson in 2012 for $ 116m (# 74m), for integration into Penguin, was sold to an affiliate of Najafi Companies, an Arizona - based private investment firm, on 31st December.
BLOOMINGTON and NEW YORK, August 6 — Aladdin Books, an imprint of Simon & Schuster Children's Publishing, and Archway Publishing, a self - publishing service operated for Simon & Schuster by
Author Solutions, LLC, announced today that Aladdin has
acquired publication rights to Strays, a novel by Virginia Castleman.
Elsewhere in the publishing world, it's big news as Pearson
Acquires Self - Publishing Vendor
Author Solutions For $ 116 Million and Osprey buys Duncan Baird.
Pearson has
acquired self - publishing company
Author Solutions Inc for $ 116m (# 74m) in cash, with Penguin c.e.o. John Makinson saying «self - publishing has moved into the mainstream of our industry».
Pearson has
acquired self - publishing company
Author Solutions Inc for $ 116m (# 74m) in cash, with Penguin c.e.o. John Makinson saying «self - publishing has moved into the...
Yes, the
Author Solutions which was recently
acquired by Penguin, which was recently purchased by Random House.
It was reported in early January of this year that Penguin Random House had sold
Author Solutions, Pearson having
acquired it in 2012.