Home 5 News 5 Hachette loses Nourry and HarperCollins to gain Houghton

Hachette loses Nourry and HarperCollins to gain Houghton

by | Apr 1, 2021 | News

Two events in global publishing emphasise the importance of size to publishers in a world increasingly dominated by ‘GAFMA’  (Google, Amazon, Facebook, Microsoft, Apple).  Firstly, Arnaud Nourry has stepped down from his position as chairman and CEO of Hachette Livre, apparently angered at plans by parent company Lagardère to break up the company; and secondly HarperCollins’ owner News Corp has announced it is acquiring the consumer division of US publisher Houghton Mifflin Harcourt (HMH).

Nourry’s departure – some say he was limogé (fired) – has taken global publishing by surprise.  Nourry has been a fixed figure in global publishing for many years, having joined Hachette in 2003.  A devout internationalist, the group generates 70% of its sales abroad and Nourry told Le Monde recently that his aim to was make Hachette “the most attractive international publishing group”.

In the same interview he reiterated his opposition to Hachette being carved up by the shareholders of parent company Lagardère.  It has been reported that members of the Lagardère were negotiating for rival group Vivendi to take Hachette’s overseas publishing interests.  He stressed that the group’s size had enabled it to fight back against Google and Amazon in various legal battles and that “everyone was happy that we had the international dimension” to be able do so. The aim was for Hachette to remain in the Lagardère group, but “if that couldn’t be the case… I would be very attentive to ensuring that the culture and integrity of the group be respected.”

At News Corp CEO Robert Thomson said its acquisition of HMH’s consumer division – for $349m – was crucial “in an era in which emerging monopolies threaten the creative marketplace”.

Brian Murray, president and CEO of HarperCollins Publishers, added: “Combining HMH Books & Media’s strong catalogue with HarperCollins’ global platform will allow for increased investment in HMH Books & Media’s trade programmes and we expect faster growth of the combined companies at a time of rapid growth in book consumption. Joining HMH Books & Media’s media productions team and the HarperCollins Children’s global catalogue will open up new animation and gaming opportunities as we look to accelerate the expansion of our IP across multiple formats.”

Recent News

12Apr
SBA concludes its successful participation in the BCBF

SBA concludes its successful participation in the BCBF

  The Sharjah Book Authority (SBA) concluded its participation in the Bologna Children’s Book Fair (BCBF) 2024, marking its commitment to fostering the publishing sector, libraries, and creative industries.  With a delegation comprising key cultural entities affiliated with SBA, including Al Qasimi Publications, the Department of Culture, Arab Children’s Book Publisher Forum, the Etisalat Award […]

11Apr
PublisHer Excellence Awards Winners Announced

PublisHer Excellence Awards Winners Announced

First-ever PublisHer Excellence Awards winners revealed at Bologna Children’s Book Fair   –          Winners of Lifetime Achievement, Emerging Leader, Innovation Awards announced –          PublisHer founder Bodour Al Qasimi commends the winners and nominees –          Winners selected by a professional jury following a six-month […]

04Apr
Philippine Book Festival Returns Bigger on April 25

Philippine Book Festival Returns Bigger on April 25

Mark your calendars because the 2nd Philippine Book Festival (PBF) is back, and it’s bigger than ever! From April 25 to 28, book enthusiasts can flock to the World Trade Center in Manila for a literary extravaganza featuring over 160 exhibitors. This event, organized by the National Book Development Board (NBDB), promises to bring together […]

Related Posts

PublisHer Excellence Awards Winners Announced

PublisHer Excellence Awards Winners Announced

First-ever PublisHer Excellence Awards winners revealed at Bologna Children’s Book Fair   -          Winners of Lifetime Achievement, Emerging Leader, Innovation Awards announced -          PublisHer founder Bodour Al Qasimi commends the winners and nominees -       ...

Philippine Book Festival Returns Bigger on April 25

Philippine Book Festival Returns Bigger on April 25

Mark your calendars because the 2nd Philippine Book Festival (PBF) is back, and it's bigger than ever! From April 25 to 28, book enthusiasts can flock to the World Trade Center in Manila for a literary extravaganza featuring over 160 exhibitors. This event, organized...

Nigerian Author’s Debut Novel Sparks Global Interest

Nigerian Author’s Debut Novel Sparks Global Interest

  Simon & Schuster imprints Summit in the US and Scribner in UK have acquired a first novel by a new Nigerian academic and writer, Nneoma Ike-Njoku. Entitled The Water House, it follows the journey of a young woman called Celia as she unravels the mystery...

Previous Next
Close
Test Caption
Test Description goes like this

Pin It on Pinterest