News Corp. is acquiring Harlequin Enterprises for C$455 million ($415 million) in cash. Harlequin is known for publishing novels like “Destiny’s Last Bachelor?” and “The Heartbreaker Prince.” News Corp. is acquiring Harlequin from Canada’s Torstar Corp. It will be folded into News Corp.’s HarperCollins books unit. HarperCollins already has a romance division called Avon Romance.
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HarperCollins Publishers Posts
The Justice Department and 33 attorney generals gave Apple proposals on Friday to make up for e-book price fixing. One of the most reasonable settlements was a five-year ban on making e-book distribution contracts with the five major publishers Hachette Book Group, HarperCollins Publishers, Macmillan, Penguin Group, and Simon & Schuster.
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“Where The Wild Things Are” is a children’s picture book written by Maurice Sendak that was originally published by Harper & Row. The book has been adapted into an animated short and a feature film. The book sold over 19 million copies as of 2009 and 10 million of those were in the United States. Unfortunately, Sendak passed away on May 8, 2012.
Randi Zuckerberg, the sister of Facebook CEO Mark Zuckerberg, has signed a two-book deal. HarperCollins announced earlier this week that Randi will be publishing a memoir titled “Dot Complicated.” She is also publishing a children’s story. “Dot Complicated” is scheduled to arrive on November 5th. The book will be about Randi’s time as Facebook’s marketing director up to around the time she became a mother in 2011.
Amazon.com has started to let Kindle users known that they may receive a refund on e-book purchases due to the settlement made for price-fixing by the major publishers. The message was sent to users “in most U.S. states and territories.” A $69 million fund was created by Hachette, HarperCollins, and Simon & Schuster. The Attorney General is estimating that the refund will amount to $0.30 to $1.32 per e-book. The e-books must have been purchased between April 2010 and May 2012.
Three of the publishers that are involved in the antitrust lawsuit filed by the U.S. Justice Department have made settlements. About $69 million will be paid to consumers as a result. The three agencies that made the settlement include Hachette, HarperCollins, and Simon & Schuster. They will issue payouts and have agreed to terminate agency pricing contracts with publishers like Amazon and Barnes & Noble.
Apple has criticized the U.S. Department of Justice over a settlement that was made with several book publishers as part of an ongoing trial that revolves around price fixing. Apple is arguing that a settlement would nullify their existing contracts with companies like Hachette Book Group, HarperCollins, and Simon & Schuster before a witness could be called in to testify and before the court has reviewed the details of the case.