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August 29, 2015 11:46 PM ET


Company Overview of Penguin Random House LLC

Company Overview

Penguin Random House LLC engages in the publication of trade books. The company was founded in 2013 and is headquartered in New York, New York. Penguin Random House LLC operates as a subsidiary of Bertelsmann SE & Co. KGaA.

New York, NY 

United States

Founded in 2013

Key Executives for Penguin Random House LLC

Chief Executive Officer and Director
Age: 47
Group Legal Director for the UK
Vice President and Director of Sales Development, Trade Paperback & Berkley/NAL
Vice President and Director of Online & Digital Sales
Director of Online and Digital Sales for Random House Adult
Compensation as of Fiscal Year 2015.

Penguin Random House LLC Key Developments

Amazon, Penguin Random House Ink New Contract Inc. and Penguin Random House LLC inked a new digital and print book deal. The parties declined to disclose other details of the deal, which covers sales in the U.S. and U.K.

Fremantlemedia Kids & Family Entertainment Enters Agreement with Penguin Young Readers to Become North American Publishing Partner for Kate & Mim-Mim Brand

FremantleMedia Kids & Family Entertainment (FMKFE) announced that it has entered into an agreement with Penguin Young Readers, a division of Penguin Random House, to become the North American publishing partner for the Kate & Mim-Mim brand. The company is due to launch the second season of its preschool series, Kate & Mim-Mim on Disney Junior US. It will then air globally in late 2015. Penguin Young Readers will launch its initial line of storybooks, leveled readers, e-books and doodle, activity and sticker books in autumn 2016. FMKFE's expanding new pre-school girls' property has also been signed by several product partners, including US-based toy company Just Play which will initially focus on the development of plush, dolls, figure packs and role play products.

Bertelsmann Is Reportedly Planning To Lift Stake In Penguin Random House

Bertelsmann SE & Co. KGaA intends to increase its stake in Penguin Random House LLC as early as 2015, according to people familiar with the matter. Bertelsmann plans to buy part or all of the 47% held by Pearson plc (LSE:PSON), the people said, asking not to be named discussing private deliberations. While Bertelsmann and Pearson aren’t in talks, Pearson is willing to sell and can do so starting October 2015 under a shareholder agreement, the people said. Representatives for Bertelsmann and Pearson declined to comment on any future changes in ownership for Penguin Random House, reported Bloomberg.

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