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Hachette Book Group Acquires the Hyperion Adult Imprint

30 June 2013

From Publishers Weekly:

Deciding that a standalone adult imprint does not fit with its long-range plans, Disney is selling the majority of Hyperion titles to Hachette Book Group in a deal that is expected to close in mid-July. HBG will acquire more than 1,000 adult backlist titles plus another 25 books that it will release over the next few seasons. Disney will retain the most media-related titles such as its Castle series which ties into the ABC television show of the same name. The book franchises that will remain with Disney will be overseen by Disney Publishing Worldwide. Disney’s children’s imprints, Disney and Disney-Hyperion, are not affected by the sale.

The deal includes the Hyperion name and HBG will continue to publish the Hyperion books under that imprint. Hyperion employees will stay with the company until the deal is completed and will help with transition issues. Some Hyperion employees are expected to join HBG in such areas as editorial and publicity. Other Hyperion employees will be given the opportunity to interview for other positions at Disney.

Link to the rest at Publishers Weekly and thanks to Meryl for the tip.

Big Publishing

4 Comments to “Hachette Book Group Acquires the Hyperion Adult Imprint”

  1. “Books are units” CEO of some megapubco.
    Writers are bums.

    To DashingBooks I am the most important person in the world.

  2. I keep beating this dead horse, but signing a contract anymore is a dangerous thing. Since these companies can toss the license to your IP back and forth, signing a contract doesn’t mean that you are doing business with only a specific set of people. You can end up doing business with anyone in the publishing industry. Your editor can retire or have sudden health problems and be replaced with a sleazebag. The license can be sold to a company whose CEO has just told their lawyers to start putting the thumbscrews on the authors so as to squeeze as many rights out of them as possible, or told the accountants to withhold payment for as long as possible. You just can’t know.

    Especially now that the Big X are in bed with the bottomfeeders.

  3. I’d hate to be one of those 25 authors that have a book possibly in limbo now. Maybe everything will turn out fine with them, but it’s gotta be pretty anxiety inducing wondering if your book could be shelved before publication.

  4. I think it’s quite telling that Disney, which I believe is the richest company in the world (or second richest, it’s up there) is getting rid of its adult publishing house.

    Perhaps Disney’s long-term plan included divisions that are not competing with e-books, indie publishiers and Amazon.

    As for this:

    “Other Hyperion employees will be given the opportunity to interview for other positions at Disney”.

    Wow. Not sure I’d want to work for Disney, rich company or not. I prefer companies that take a bit more care of the employees.

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