Paramount is launching a publishing imprint, saying it will help boost established franchises and brands and develop original IP.
Dubbed Paramount Global Publishing, the imprint will start in the U.S. and Canada, with other international markets to follow in the future. Projects will span print, digital and audio, aiming for a wide range of audiences, from kids and families to adults.
For many years before its 2025 merger with Skydance, Paramount and its predecessor companies had major publishing house Simon & Schuster in their corporate portfolio. In 2023, Paramount Global sold the publisher to private equity firm KKR for $1.62 billion. An earlier, richer sale to rival Penguin Random House was blocked by a judge over monopoly concerns and potential harm to authors and consumers.
The launch is being spearheaded by Josh Silverman, who joined Paramount as president of global products and experiences last year after
...Keep reading this article on DEADLINE.