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Friday, May 9, 2014

HarperCollins to Buy Harlequin

Last week I posted about the difficulties my local (and other) libraries were having in acquiring e-books at a reasonable cost.  Perhaps the recent purchase of Harlequin by HarperCollins might explain at least part of the reason.  According to the article in Publishers Weekly (see link below), digital publishing accounted for 24% of Harlequin's revenue last year.

Harlequin was one of the early adopters of digital publishing and now it seems that HarperCollins wants to embrace that success by purchasing the company.  The article indicates that HarperCollins will focus on growth and has no plans to change Harlequin and how it operates but only time will tell how true this is.  The article further quotes the company as stating that this acquisition will greatly expand their international footprint.

As usual in these situations, it will be interesting to see how all of this plays out - for both authors and readers.

Here's the link to the article:

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