Apologies for so much silence lately but I have been traveling quite a bit these past few months. Regardless, I knew something had to be included about the recent merger between Penguin and Random House (in my mind, this new GMO-house is referred to as Pengdom). Hmmm.
Two of the biggies are joining forces and monies to form one über-giant. They claim that now they will have more possibilities, both financial and otherwise, to spruce things up in the publishing world. I am skeptical of this consolidation.
According to BBC News,
The tie-up between Penguin and Random House marks the first deal between the world’s big six publishers. The others are Hachette, HarperCollins, Macmillan and Simon & Schuster. It would bring together the publishers of the Fifty Shades series and Jamie Oliver’s cookbooks.
The New York Times offers added skepticism,
Some literary agents, however, were unimpressed by the prospect of a combined Random House and Penguin, responding to reports of a possible deal last week by saying it could reduce the number of outlets for authors.
Penguin and Random House are both very different beasts; like the literary agents, I am a bit dismayed at future prospects. Besides outlets for authors, possibilities could include too much standardization of books and other publishing projects with not enough differentiation. Any thoughts??