Rupert Muroch’s News Corp said Monday it will acquire the Books & Media segment of Houghton Mifflin Harcourt for $349 million in cash and merge it with HarperCollins amid ongoing consolidation in the book publishing business.
Hmh Books & Media has an extensive backlist, “a sustainable and growing source of revenues, high margins and cash flow for publishers, particularly evergreen properties with broad, enduring and global appeal,” News Corp. said announcing the deal. In calendar year 2020, over 60% of Hmh Books & Media revenues were generated by its backlist, which includes The Lord of the Rings trilogy and other titles by J.R.R. Tolkien; 1984 and Animal Farm by George Orwell; and All the King’s Men by Robert Penn Warren. HarperCollins currently has rights to J.R.R. Tolkien’s works in the British Commonwealth.
Hmh Books & Media’s frontlist in the lifestyle and children’s segments includes Antoni in the Kitchen, Instant Pot Miracle, Wow...
Hmh Books & Media has an extensive backlist, “a sustainable and growing source of revenues, high margins and cash flow for publishers, particularly evergreen properties with broad, enduring and global appeal,” News Corp. said announcing the deal. In calendar year 2020, over 60% of Hmh Books & Media revenues were generated by its backlist, which includes The Lord of the Rings trilogy and other titles by J.R.R. Tolkien; 1984 and Animal Farm by George Orwell; and All the King’s Men by Robert Penn Warren. HarperCollins currently has rights to J.R.R. Tolkien’s works in the British Commonwealth.
Hmh Books & Media’s frontlist in the lifestyle and children’s segments includes Antoni in the Kitchen, Instant Pot Miracle, Wow...
- 3/29/2021
- by Jill Goldsmith
- Deadline Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.