The Hachette Book Group – Two Centuries in the Making
Hachette Book Group (HBG) was created when Hachette Livre, a global publishing company based in France, acquired Time Warner Book Group from Time Warner in 2006. Hachette Livre is a wholly-owned subsidiary of Lagardère, a company that is active worldwide in the areas of communications and media (books, press, audiovisual and distribution/retailing of cultural products).
HBG’s long history dates back to 1826 and it continues to evolve and grow today:
HBG acquires The Perseus Books Group, which becomes the Perseus Books division (deal closed 4/1/2016). Perseus adds five main imprints: Avalon Travel, Basic Books, Da Capo Press, PublicAffairs, and Running Press, as well as offices in Berkeley, CA; Boulder, CO; and Philadelphia, PA.
The Yen Press imprint becomes a joint publishing venture, with Japanese company Kadokawa owning a majority share.
James Patterson launches a new children’s book imprint, jimmy patterson, with the goal of turning kids into lifelong readers. The new jimmy imprint is housed under the Little, Brown and Company division.
Grand Central Life & Style, an imprint of Grand Central Publishing, announces the creation of a new imprint called goop press, an extension of the lifestyle brand founded by Gwyneth Paltrow, to begin publishing in April 2016.
HBG acquires publishing company Black Dog & Leventhal, which becomes an imprint under the Hachette Books division (deal closed 12/31/2014).
A new publishing division called Hachette Books is established on the foundation of the Hyperion list.
Little, Brown and Company announces the creation of a new imprint, Lee Boudreaux Books, which begins publishing in 2015.
Michael Pietsch becomes CEO of Hachette Book Group. (David Young moves to other roles within Hachette Livre).
HBG purchases adult trade publishing imprint Hyperion from The Walt Disney Company (deal closed 7/16/2013).
The Orbit publishing division announces the creation of Redhook, a new commercial fiction imprint to publish across a range of genres, and in all formats (including digital-only), launching in April 2013.
The Hachette Nashville division announces the creation of a new imprint, Jericho Books, a progressive, non-traditional faith-based imprint, which began publishing in the summer of 2012.
Grand Central Publishing announces the creation of a new practical nonfiction imprint, Grand Central Life & Style, launching in the Fall 2010 season, combining and closing two existing imprints: Springboard Press and Wellness Central.
HBG adopts the agency model of sales: As of April 1, 2010, all ebook titles published by HBG are sold directly to consumers by means of third party agents.
Orbit announces a digital-only short fiction publishing program.
HBG announces the launch of a formal environmental policy in November, one of the strongest and most progressive of any U.S. book publisher, committing the company to dramatically increasing the use of recycled fiber, ending the use of paper that may impact endangered forests, reducing greenhouse gas emissions, and a wide range of other initiatives.
HBG launches the Hachette Speakers Bureau (HSB), in association with Greater Talent Network, a leader in the lecture industry.
Little, Brown and Company announces the creation of a new imprint devoted to suspense, thrillers, and crime fiction of all kinds. The imprint, later named Mulholland Books, begins publishing titles in the Spring of 2011.
The company is renamed Hachette Book Group (dropping the USA) and adopts a new corporate logo.
Hachette Book Group Canada, Inc., is established as a subsidiary company to market titles to national accounts in Canada (starting in January 2009). An office in Toronto is opened in September 2008.
The Orbit Division is formed at HBG, comprised of two imprints: the Orbit science fiction and fantasy imprint and the Yen Press graphic novel and manga imprint.
Reagan Arthur Books is created as a new editorial imprint of Little, Brown and Company, to begin publishing in the Fall 2009 season. (The imprint is retired when Reagan Arthur becomes publisher of Little, Brown and Company.)
Warner Books is renamed Grand Central Publishing. Warner Wellness is renamed Wellness Central. Warner Business Books is renamed Business Plus.
Yen Press, a graphic novel and manga imprint, is launched.
Orbit, a science fiction and fantasy imprint, is launched.
David Young becomes chairman & CEO of TWBG; former CEO Larry Kirshbaum retires.
TWBG is acquired by Hachette Livre and renamed Hachette Book Group USA (deal closes 3/31/2006).
Center Street, a heartland-focused imprint, is launched.
Warner Faith, a Christian/inspirational imprint, is launched.
Little, Brown and Company and Warner Books merge to become Time Warner Trade Publishing, later to be renamed Time Warner Book Group (TWBG).
Laurence Kirshbaum is named chairman of Time Warner Trade Publishing.
Hachette is acquired by Jean-Luc Lagardère.
Warner Communications acquires the Paperback Library and launches Warner Books.
Time Inc. acquires Little, Brown and Company.
Little, Brown and Company is founded.
Louis Hachette founds Hachette.