On 2 November 2021, the US Justice Department filed a civil antitrust lawsuit to block Penguin Random House's proposed acquisition of Simon & Schuster. A formal regulatory approval process will follow the purchase agreement. On 25 November 2020, Penguin Random House agreed to purchase American publisher Simon & Schuster from ViacomCBS for $2.175 billion. 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 18 December 2019, Bertelsmann agreed to acquire Pearson's 25% stake in Penguin Random House, making it a wholly owned subsidiary of Bertelsmann. In July 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.
#PENGUIN RANDOM HOUSE TV#
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. 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. Penguin Random House relaunched Book Country, Penguin's online writing community, in July 2013. 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. 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 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. 2.10 Penguin Random House Publisher Services.2.8 Penguin Random House Digital Publishing Group.
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