Penguin Random House (PRH) is a company formed by the merger of book publishers Random House, (owned by Bertelsmann), and Penguin Group (owned by Pearson PLC). Penguin Random House markets itself as "the world's first truly global trade book" publisher. It was formed on July 1, 2013, upon the completion of an agreement between Bertelsmann and Pearson to merge their respective trade publishing companies, Random House and Penguin, with the parent companies owning 53% and 47%, respectively.
History - Penguin Random House was formed on July 1, 2013, upon the completion of an agreement between Bertelsmann and Pearson to merge their respective trade publishing companies, Random House and Penguin. The creation of the company has been referred to as the publishing industry's response to the increasing dominance of Amazon.com in the book market.[4] PRH relaunched Book Country, Penguin's languishing online unit in July 2013. In September 2014, Random House Studio signed a first look production deal with Universal Pictures, under which Random House would be producer on the projects developed and filmed based on Penguin Random House books. This buttresses the existing Universal subsidiary Focus Features' deal with Random House Films.[6] Having spearhead the creative on PRH Children's Puffin Rock animation, Richard Haines to head up PHR Children's TV development strategy with the assistance of licensing publishing and TV development executive Emily Campan. Haines would report to PRH Childrens managing director, Francesca Dow.
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