Random House: Difference between revisions

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| founders = [[Bennett Cerf]], [[Donald Klopfer]]
| location = [[Random House Tower]], 1745 [[Broadway (Manhattan)|Broadway]]
| hq_location_city = [[New York City]], [[New York (state)|New York]]
| hq_location_country = U.S.
| num_locations =
| area_served = Worldwide
| key_people = NiharGina MalaviyaCentrello (Interim CEO, Penguin Random House)<br />Núria Cabutí[[President (CEO, Penguin Random House Grupocorporate Editorialtitle)<br />Gina Centrello (|president]] and publisher, The Random House Publishing Group)<br />Anthony Chirico (president, Knopf Publishing Group)<br />Barbara Marcus (president and ublisherpublisher, Random House Children's Books)<br />Kristin Cochrane (president and CEO, Random House of Canada)<br />Maya Mavjee (president and publisher, Crown Publishing Group)<br />Nihar Malaviya (chief[[Chief operating officer|COO]], Random House, Inc.)<br />Reagan Arthur (executive vice president and publisher, Knopf, Pantheon, and Schocken)<br />[[Gail Rebuck]] (chairman & CEO, The Random House Group UK)<br />Frank Sambeth (chairman & CEO, Verlagsgruppe Random House)<br />Frank Steinert (executive vice president and chief human resources officer, Random House Worldwide)
| products = Books
| industry =
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| divisions =
| revenue = {{profit}}€2.142 [[1,000,000,000 (number)|billion]] (2012)
| owner = [[Bertelsmann]]
| num_employees = 97,104 {{small|({{As of|2020|Sep|30|df=US|lc=y}})}}
| type = [[Division (business)|Division]]
| traded_as =
| website = {{URL|https://www.randomhousebooks.com}}
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In 1988, Random House acquired [[Crown Publishing Group]].<ref>{{Cite news| issn = 0362-4331| last = Mitgang| first = Herbert| title = Random House Buys Crown| work = The New York Times| access-date = November 27, 2018| date = August 16, 1988| url = https://www.nytimes.com/1988/08/16/business/random-house-buys-crown.html| archive-date = September 1, 2020| archive-url = https://web.archive.org/web/20200901163256/https://www.nytimes.com/1988/08/16/business/random-house-buys-crown.html| url-status = live}}</ref> Also in 1988, [[McGraw-Hill Education|McGraw-Hill]] acquired Random House's Schools and Colleges division.<ref name="mcgraw-hillannounce2">{{cite news|title=McGraw-Hill Is Buying 2 Random House Units|url=https://www.nytimes.com/1988/09/29/business/the-media-business-mcgraw-hill-is-buying-2-random-house-units.html |first=Edwin|last=McDowell|work=[[The New York Times]]|date=September 29, 1988|access-date=February 12, 2017|archive-date=July 8, 2018|archive-url=https://web.archive.org/web/20180708105901/https://www.nytimes.com/1988/09/29/business/the-media-business-mcgraw-hill-is-buying-2-random-house-units.html |url-status=live}}</ref> In 1998, [[Bertelsmann AG]] bought Random House and merged it with [[Bantam Books|Bantam]] [[Doubleday (publisher)|Doubleday]] [[Dell Books|Dell]] and it soon went global.<ref>"[http://www.fundinguniverse.com/company-histories/Random-House-Inc-Company-History.html History of Random House Inc.]", from Funding Universe. {{webarchive |url=https://web.archive.org/web/20120304174822/http://www.fundinguniverse.com/company-histories/Random-House-Inc-Company-History.html |date=March 4, 2012 }}. Retrieved April 13, 2008.</ref> In 1999, Random House acquired the children's audiobook publisher Listening Library.<ref>{{Cite web| title = Random House Acquires Listening Library| work = Publishers Weekly| first = Shannon| last = Maughan| date = July 12, 1999| access-date = April 2, 2019| url = https://www.publishersweekly.com/pw/print/19990712/34516-random-house-acquires-listening-library.html| archive-date = November 8, 2020| archive-url = https://web.archive.org/web/20201108185211/https://www.publishersweekly.com/pw/print/19990712/34516-random-house-acquires-listening-library.html| url-status = live}}</ref>
 
In 1999, Random House sold its distribution division.<ref>{{cite web|url=https://www.publishersweekly.com/pw/print/19990503/40044-executive-group-to-acquire-random-s-distribution-division.html?utm_source=pocket_reader|title=Executive Group to Acquire Random's Distribution Division|first=Jim|last=Milliot|date=May 3, 1999|website=Publishers Weekly|access-date=February 5, 2023|archive-date=January 28, 2023|archive-url=https://web.archive.org/web/20230128232450/https://www.publishersweekly.com/pw/print/19990503/40044-executive-group-to-acquire-random-s-distribution-division.html?utm_source=pocket_reader|url-status=live}}</ref>
 
===21st century===
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McIntosh explained of the merger, saying, "We will need to do two things simultaneously. First, we must expand and strengthen the expert publishing teams who are specialized in and dedicated to each category. Second, we must invest even more aggressively in title-level and scaled marketing programs, capabilities, and partnerships. This will ensure that we not only maximize the sales for each individual book but also keep pace with consumer trends."<ref>{{Cite news |first=John |last=Maher |date=October 18, 2018 |url=https://www.publishersweekly.com/pw/by-topic/industry-news/publisher-news/article/78369-random-house-crown-merge.html |title=The Random House and Crown Publishing Groups Merge |work=Publishers Weekly |access-date=November 16, 2018 |archive-date=November 16, 2018 |archive-url=https://web.archive.org/web/20181116020118/https://www.publishersweekly.com/pw/by-topic/industry-news/publisher-news/article/78369-random-house-crown-merge.html |url-status=live }}</ref>
 
In 2019, Penguin Random House acquired British children's book publisher Little Tiger Group, including Tiger Tales Press, a U.S. subsidiary, and added it to Random House Children's Books.<ref>{{cite web | url=https://www.publishersweekly.com/pw/by-topic/childrens/childrens-industry-news/article/79649-prh-acquires-u-k-s-little-tiger-group.html | title=PRH Acquires U.K.'s Little Tiger Group |first=Ed|last= Nawotka |website=Publishers Weekly|date=March 27, 2019 |url-status=live |archive-url= https://web.archive.org/web/20231008102848/https://www.publishersweekly.com/pw/by-topic/childrens/childrens-industry-news/article/79649-prh-acquires-u-k-s-little-tiger-group.html |archive-date= Oct 8, 2023 }}</ref>Penguin Random House announced an agreement to purchase [[Boom! Studios]] in July 2024, where Boom! would become part of Random House Worlds.<ref>{{Cite web |last=Milliot {{!}} |first=Jim |title=Random House Is Buying Boom! Studios |url=https://www.publishersweekly.com/pw/by-topic/industry-news/comics/article/95465-random-house-is-buying-boom-studios.html |access-date=2024-07-15 |website=PublishersWeekly.com |language=en}}</ref>
 
== Organization ==
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'''[[Random House of Canada]]'''<ref>[http://www.randomhouse.ca/about-corporate Random House of Canada] {{webarchive |url=https://web.archive.org/web/20121126214622/http://www.randomhouse.ca/about-corporate |date=November 26, 2012 }}</ref> was established in 1944 as the Canadian distributor of Random House Books. In 1986, Random House of Canada established its own indigenous Canadian publishing program that has become one of the most successful in Canadian history. Until January 2012, it used to hold a 25% stake in [[McClelland & Stewart]], with the remaining 75% being controlled by the [[University of Toronto]]. It is now the sole owner of McClelland & Stewart.{{citation needed|date=September 2016}}
 
'''Takeda Random House Japan''' was founded in May 2003 as a joint venture between [[Kodansha]] and Random House.<ref name=":4">{{Cite news|last=Schreiber|first=Mark|url=https://www.japantimes.co.jp/news/2013/01/13/national/media-national/magazines-struggle-to-maintain-relevance/|title=Magazines struggle to maintain relevance|date=January 13, 2013|work=The Japan Times|access-date=March 18, 2020|issn=0447-5763|archive-date=January 19, 2021|archive-url=https://web.archive.org/web/20210119215932/https://www.japantimes.co.jp/news/2013/01/13/national/media-national/magazines-struggle-to-maintain-relevance/|url-status=live}}</ref> In 2009, Random House discontinued the joint venture.{{Citation needed|date=March 2020}} Takeda Random House Japan filed for bankruptcy on December 14, 2012.<ref name=":4" />
 
In 2006, Random House invested in '''Random House Korea'''. In 2010, Random House divested their ownership.{{Citation needed|date=March 2020}}
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== Random House Home Video: The home video division ==
{{Infobox company
| name = Random House Home Video
| logo =
| logo_size =
| type =
| industry = [[Home video]]
| founded = {{Start date and age|1984}}
| defunct = {{Start date and age|2001}}
| fate =
| successor = [[Sony Wonder]]<br />[[Columbia TriStar Home Video]]
| location =
| parent =
| products =
| owner =
| area_served = Worldwide
}}
Random House Home Video was a home video unit established by Random House in 1983 as '''Random House Video''' until 1988, the publisher of [[Dr. Seuss]]'s books. It was renamed in 1984. Random House's home video division was currently the distributor of some shows, such as ''[[Sesame Street]]'' (1986–1994), ''[[The Busy World of Richard Scarry]]'' (1993–2005), ''[[Arthur (TV series)|Arthur]]'' (1996–2006), and ''[[The Berenstain Bears (1985 TV series)|The Berenstain Bears]]'', the original 1985–1987 animated television series (1989–2005, 2008–2009), and [[Golden Books]] (2001–2005). In 1994, they began distributing through [[Sony Wonder]]. Random House Home Video became dormant around 2005, but Sony Wonder still continued to use Random House Home Video's logo on Arthur [[VHS]] tapes and [[DVD]]s until 2006.