In April 2020, Bertelsmann announced the completion of its purchase of Penguin Random House, which had been announced in December 2019, by buying Pearson plc's 25% ownership of the company. With that purchase, Bertelsmann became the sole owner of Penguin Random House. Bertelsmann's German-language publishing group Verlagsgruppe Random House will be completely integrated into Penguin Random House, adding 45 imprints to the company, for a total of 365 imprints.
As of 2021, Penguin Random House employed about 10,000 people globally and published 15,000 titles annually under its 250 divisions and imprints. These titles include fiction and nonfiction for adults and children in both print and digital. Penguin Random House comprises Penguin and Random House in the US, 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.
Penguin Random House was founded in 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. Bertelsmann and Pearson, the parent companies, initially owned 53% and 47%, respectively. Jane Ciabattari of Library Journal has referred to this merger as the publishing industry's response to the increasing dominance of Amazon.com in the book market. Markus Dohle was named CEO of the new company, which had more than 10,000 employees worldwide with 250 imprints and publishing houses and a publishing list of more than 15,000 new titles a year.[better source needed]
Penguin Random House relaunched Book Country, Penguin's online writing community, in July 2013. In September 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. The Universal subsidiary Focus Features has frequently collaborated with Random House Films. 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.
In November 2015, Pearson announced it would rebrand to focus on its education division. In July 2017, Pearson sold a 22% stake in the business to Bertelsmann, thereby retaining a 25% holding. On 18 December 2019, Bertelsmann agreed to acquire Pearson's 25% stake in Penguin Random House, making it a wholly owned subsidiary of Bertelsmann. The sale was completed on 2 April 2020. In June 2020, Penguin Random House was one of a group of publishers who sued the Internet Archive, arguing that its collection of e-books was denying authors and publishers revenue and accusing the library of "willful mass copyright infringement".
On 25 November 2020, Penguin Random House agreed to purchase American publisher Simon & Schuster from ViacomCBS for $2.175 billion. A formal regulatory approval process will follow the purchase agreement. On 2 November 2021, the US Justice Department filed a civil antitrust lawsuit to block Penguin Random House's proposed acquisition of Simon & Schuster. The lawsuit alleges that the acquisition would create a publisher with too much influence over books and author payments.
Divisions and imprints
DK (Dorling Kindersley) was founded in London in 1974 and is a reference publisher focusing on non-fiction for adults and children.
Book Country was a subsidiary online writing and publishing community. Book Country was launched in April 2011 with a focus on romance, mystery, science fiction, fantasy. In July 2013, Book Country relaunched with online writing workshops in over sixty literary categories, including literary fiction, memoir, and women's fiction. As of September 2013, the site had over 10,000 members. As of November 2020 the site is no longer operational.
^Calamur, Krishnadev (29 October 2012). "Penguin, Random House Announce Merger". NPR. Retrieved 31 October 2012.
^"Pearson, Bertelsmann Confirm Publishing Tie-Up". NPR. 29 October 2012. Retrieved 31 October 2012.
^ abMaher, John (2 April 2020) "Bertelsmann Now Owns 100% of Penguin Random House" Publishers Weekly
^"UK watchdog investigates Penguin owner's Simon & Schuster takeover". The Guardian. Retrieved 24 November 2021.
^"Welcome to Penguin Random House". PenguinRandomhouse.com. 1 April 2015. Retrieved 5 July 2020.
^ ab"CEO Markus Dohle Announces Penguin Random House Global Leadership Team" (PDF). Penguin Random House. 1 July 2013. Retrieved 22 January 2016.
^Alter, Alexandra; Lee, Edmund (25 November 2020). "Penguin Random House to Buy Simon & Schuster". The New York Times. Retrieved 30 November 2020.
^Brian Stelter. "Justice Department sues to stop Penguin Random House's purchase of Simon & Schuster". CNN. Retrieved 2 November 2021.
^"Penguin and Random House complete merger". The Telegraph. 9 February 2017. Archived from the original on 12 January 2022.