2023-10-20 17:51:09
When Nihar Malaviya walks through the halls of the Frankfurt Book Fair, hardly anyone takes notice. As head of the world’s largest book publishing group, Penguin Random House, the 48-year-old Indian is undoubtedly one of the most powerful publishing managers in the world. In the book business, the company, which belongs to Bertelsmann, is the undisputed market leader ahead of the other four major book groups Hachette, Harper Collins, Macmillan and Simon & Schuster.
Around 320 publishers around the world belong to Penguin Random House. Together they sell over 600 million books a year and publish more than 15,000 new publications – including global bestsellers such as “Becoming” by Michelle Obama, “Promised Land” by Barack Obama and, this year, the autobiography “Spare” by Prince Harry. Penguin Random House generates 60 percent of its business in the United States, but the company is also well represented in Germany with publishers such as Goldmann, DVA, Siedler, Blanvalet, Blessing, Knaur and the paperback publisher Heyne. They all decide independently about their publishing programs: Nihar Malaviya leads the book group on a long leash; He sees himself as a publishing manager in the background who analyzes data, optimizes supply chains and sets the strategy, but not as a content program designer.
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