BREAKING: The e-book rift between Random House Worldwide chairman Markus Dohle and lit agent Andrew Wylie really is in the past history books. The duo has formalized a far-reaching deal to publish a memoir by Salman Rushdie. The book will be published in 2012 and will cover the Booker Prize-winning author’s entire life, including the time when he was forced into hiding after the Ayatollah Khomeini issued a fatwa on his life following the publication of The Satanic Verses in 1988. It revives a long relationship between the author and publisher.
The seven-figure deal will involve multiple imprints under the Random House roof, and covers hardcover, paperback, audio and e-book rights for English, German and Spanish-speaking territories. Random House will publish in most of the territories, while Knopf Canada will handle the book up north. The RH imprint Jonathan Cape will publish in the UK; Germany will be handled by RH’s Verlagsgruppe Random House imprint and Spain and Latin America editions will be published by Random House Mondadori’s Literatura Modadori. The Wylie Agency will sell other territories.
This is a giant turnaround from earlier this year, when Random House issued its own fatwa on Wylie after he revealed plans to form an imprint and sell the e-book rights to his author backlists exclusively to Amazon for use on its Kindle device. Dohle rescinded his order to view Wylie as a competitor when they met and found common ground for RH to continue … Read More »
Anyone who doubts the potential of Sony Pictures Entertainment’s The Girl With The Dragon Tattoo need look no further than how the half-year earnings of Bertselmann and its Random House division were positively impacted by the sales of the Millennium novel trilogy by the late Stieg Larsson. Bertelsmann issued its half-year report this morning, and cited the performance by Random House as a big reason for its own record half-year results. According to a letter sent company-wide by Random House chairman/CEO Markus Dohle, the publisher’s sales were up nearly 8%, and profit doubled to around $50 million on revenues close to $1 billion, despite a shaky economy.
The reason? Dohle singles out the sales of the Larsson trilogy, which Random House publishes in the U.S. and Germany. “Their cumulative 6.5 million-copy impact on our overall half-year figures is substantial, and Larsson’s print and digital sales continue to skyrocket,” Dohle writes in the memo. “Stieg Larsson is the first author ever to sell one million e-books on the Kindle. This additional e-book revenue and readership opportunity is just one of the many reasons we are so excited about our robust digital-publishing momentum.”
The e-book results for the half year are showing how important digital sales are becoming to the bottom line of all publishing houses. Dohle said worldwide digital sales are on course to exceed $100 million. The first half results were up 300% for Random House in the U.S. A majority of … Read More »
BREAKING: The stand-off between Random House and lit agent Andrew Wylie is over, and it looks like the agent has blinked. Here is the statement just issued by Wylie and Markus Dohle, Random House chairman/CEO. You’ll recall that RH disclosed it would view Wylie as a competitor and freeze him out after the agent formed Odyssey Editions to publish e-books of the authors whose estates he reps.
The Wylie Agency – Random House Joint Press Statement
August 24, 2010
“We are pleased to announce that The Wylie Agency and Random House have resolved our differences over the disputed Random House titles which have been included in the Odyssey Editions e-book publishing program. These titles are being removed from that program and taken off-sale. We have agreed that Random House shall be the exclusive e-book publisher of these titles for those territories in which Random House U.S. controls their rights. The titles soon will be available for sale on a non-exclusive basis through all of Random House’s current e-book customers. Random House is resuming normal business relations with the Wylie Agency for English-language manuscript submissions and potential acquisitions, and we both are glad to be able to put this matter behind us.”
— Markus Dohle, Chairman & CEO, Random House
Andrew Wylie, President, The Wylie Agency LLC
Random House Bullying Agents On E-Books–But Is It Legal?