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Penguin Random House UK is to launch a multi-million pound
Penguin-branded consumer website in the second half of this year, but chief
executive Tom Weldon reiterated the company's view that it had no plans to
become a retailer, claiming that it would be "quicker for PRH to burn
the money".
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Japanese e-commerce company Rakuten is to buy OverDrive, which
provides an e-book library lending platform, for $410m (£275m) in cash.
The move will help Rakuten to expand into "new market
segments".
OverDrive is a distribution platform which supplies e-books,
audiobooks, music and streaming video to 30,000 libraries, schools and
retailers across the world.
Rakuten Inc will fully acquire OverDrive Holdings, Inc, in a
deal that is expected to close in April this year.
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The government will provide funding to give wi-fi access to
all public libraries across England, chanceller George Osborne revealed
yesterday (18th March) is his pre-election budget speech.
The budget document said that £7.4m would be provided to fund
wi-fi.
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Blink Publishing has acquired the autobiography of musician
Professor Green.
The book, Lucky,
will be accompanied by “a ground-breaking app full of additional content
and exclusive videos”, said the publisher.
Acquisitions director Clare Tillyer bought world rights,
excluding America, to Lucky in a “hotly contested auction” from Jon Elek at
United Agents.
Professor Green, real name Stephen Manderson, is a rapper and
is married to "Made in Chelsea" star Millie Mackintosh.
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The UK is leading the nominations in the shortlists for the
London Book Fair International Excellence Awards 2015, followed by the US
and China.
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The Association of American Publishers held its half-day
annual meeting at a new venue - Scholastic’s Soho headquarters in New York-
on Wednesday, 18th March. Several big names were on the roster, including New York Times opinion
columnist David Brooks.
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Alan Moore's million-word novel Jerusalem will be published next year by
Knockabout Comics.
The writer, best known for his graphic novels such as Watchmen (Titan) and V for Vendetta (DC),
has been working on the epic novel since 2008. It is now set for release in
autumn 2016 by Knockabout, with Liveright, an imprint of WW Norton,
publishing in the US.
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Bath-based Parragon is expanding its Disney franchise,
including books based on the Frozen and Disney Princess brands, into North
America.
“Parragon has been offering Disney content through their
publishing programs in many international territories, but to date our
presence in North America has been limited,” said Paul Gregory, president
of Parragon Publishing.
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Companies like Amazon and Google which move their profits
overseas will be charged a “diverted profits tax” the Chancellor
confirmed this afternoon (18th March).
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Orion has bought a comedy guide to the online universe by
YouTuber KSI.
Publishing director Anna Valentine bought UK and Commonwealth
rights to KSI: I Am a
Bell-End from Gordon Wise at Curtis Brown, acting on behalf of
Liam Chivers at OP Talent.
KSI – real name Olajide Olatunji – has more than 12m
subscribers across his two YouTube
channels.
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Little, Brown has acquired a debut novel about seven
characters who take part in a protest which turns into a riot.
Commissioning editor Ailah Ahmed bought UK and Commonwealth
rights to Your Heart is
a Muscle the Size of a Fist by Sunil Yapa from Janklow &
Nesbit, US.
It is Ahmed's first acquisition since joining Little, Brown.
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Book distributor Turnaround is publishing 10 dual language
board books based on David McKee’s Elmer the elephant character, under
licence from Andersen Press.
The books, which are sold in the UK and Ireland and cost
£5.99, are all printed in English and either Arabic, Bengali, Chinese,
Italian, Polish, Somali, Spanish, Turkish, Urdu or Vietnamese.
Turnaround said the range marks a “step forward in
cross-cultural communications”.
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