Must Know Monday
This weekend was filled with industry news. While Harry Potter and The Deathly Hallows celebrated its release over the weekend, Little, Brown Book Group announced their new independent imprint: Piatkus Books. While you are probably able to find Harry Potter news wherever you turn today you might not have come across information about Little, Brown. Therefore, since Media Bistro.Com had a great article about Little, Brown and their new imprint we wanted to share it with you. Happy Monday Everyone.
Little, Brown UK Buys Piatkus
The Bookseller's Alison Flood reports that Little, Brown Book Group has acquired independent publisher Piatkus Books. Founder Judy Piatkus will continue as m.d. until the end of the year, when she will retire from publishing. Piatkus, which has a turnover of around Â£10m, will become an independent imprint within Little, Brown. It will continue trading at its current premises until the end of October, after which the team will move to Little, Brown's new offices at 100 Victoria Embankment.
Little, Brown said it would ask "the majority of the directors and staff" to stay with the business. It added that while a small number of staff may not have continuing roles within Piatkus, they would wherever possible be offered jobs within Little, Brown or the wider Hachette Livre UK group to keep job losses "to an absolute minimum". The news may quell some rumors of Little, Brown's eventual demise as an independent imprint within the Hachette rubric, but then again, let's talk again in six months, shall we?