Penguin Random House and Simon & Schuster Merger Trial
Aug 24, 2022
39:27
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Quick takeaways
The merger between Penguin Random House and Simon & Schuster is being investigated by the Department of Justice due to concerns about violating anti-trust laws and potentially limiting authors' options.
To increase diversity in the publishing industry and provide more options for authors, publishing companies should consider alternatives to Amazon and create competitors to platforms like Audible.
Deep dives
The merger of Penguin Random House and Simon & Schuster
There is a discussion about the merger happening between Penguin Random House and Simon & Schuster. This merger would result in the number of major publishing houses decreasing from six to four. It is being investigated by the Department of Justice to determine if it would violate anti-trust laws. Stephen King testified against the merger, expressing concerns about the impact it would have on authors' options. While the short-term effects on readers may not be noticeable, there is a possibility that authors may face challenges with fewer places to sell their books.
The dominance of Amazon in the publishing industry
Amazon is the dominant player in the publishing industry, influencing what gets sold and read. Other retailers, like Barnes & Noble, have less impact. The lack of competition in the market is a concern, as it limits options for authors and publishers. The suggestion is for publishing companies to seek alternatives to Amazon, such as creating a competitor to Audible, to gain more control over their content and increase diversity in the industry.
Brandon Sanderson's experience with traditional publishing
Brandon Sanderson shares a humorous and frustrating experience with traditional publishing. He recalls a time when a new publicist booked him for book signings in San Francisco and Fresno, assuming they were close to his location in Utah. He had to drive long hours for each signing, without any budget for flights or hotel accommodation. This anecdote highlights some of the challenges and limitations authors may face with traditional publishing, especially those who are not well-established.
The discussion around the impact of Brandon Sanderson's success
There have been discussions regarding whether Brandon Sanderson's success, particularly with his Kickstarter campaign, could potentially harm other authors or limit diversity in the publishing industry. However, historical examples suggest that the success of one author often benefits the industry as a whole, introducing new readers and creating opportunities for other authors. Sanderson himself has actively supported other authors through Kickstarter and believes in the importance of diverse voices in storytelling.
Brandon Sanderson and Dan Wells talk about the Penguin Random House and Simon & Schuster merger trial, and Brandon's involvement in the dangers of self-publishing.
https://www.reddit.com/r/Sanderson/
Can be listened to almost everywhere podcasts can be found.
Produced by Adam Horne
Sound engineering and editing by Daniel Thompson
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