Random House and Penguin confirmed their amalgamation this week. It’s indicative of wider changes in the traditional publishing industry. Between them they’ll have about 25 percent of the world publishing market.
They’ll also have about eighty percent of my licenses. Instead of publishing with two of the Big Six, I’m publishing with one of the Big Five – including, at the moment, two books ‘in press’ with the former Penguin and with the former Random House.
The logic behind the merger is a bigger force in the market. A response to the challenge laid down by Amazon and the e-publishing revolution.
Where will the merger take writers? I guess the answers will come in the fullness of time. The bigger challenge for any author is still being found by their readership. It helps to have the marketing clout of a big-name publisher. But a lot still rests on the individual author – and on writing great books.
It’s a global issue.
Copyright © Matthew Wright 2013