Penguin Random House buys Boom Studios
5 mins read

Penguin Random House buys Boom Studios

Posted in: Boom, Comics, Comic Book Publishers, News | Tagged: Penguin Random House, prh

Penguin Random House acquired Boom Studios earlier today on Bleeding Cool. It’s now completely official with the following press release.

Article summary

  • Penguin Random House acquires Boom Studios to expand its comics and graphic novels imprint.
  • Former Boom Studios investors, including Disney, have been bought out and board leaders have left the group.
  • Boom Studios will maintain its editorial independence and will continue to be distributed by Diamond Comic Distributors.
  • The acquisition by Random House Worlds aims to support the direct comics market and the success of creators.

I learned about the news of Penguin Random House’s acquisition of Boom Studios earlier today on Bleeding Cool. It’s now official with the following press release. It stated that the titles will continue to be distributed by Diamond Comic Distributors… but it doesn’t specify if it will be third-party distribution like PRH’s exclusive publishers, Marvel, IDW, Dark Horse, and Tokyopop. Boom Studios still has its contract with Diamond to honor. There’s also no mention of layoffs, but I’m told to expect about a fifth of the positions to be eliminated as part of the acquisition.

I can confirm that all former investors, including the Investor Group and Disney, are no longer part of Boom, they have been bought out, and that includes the board leadership. Paul Levitz And Ross Richiethey left the company.

Confirmed: Penguin Random House buys Boom StudiosConfirmed: Penguin Random House buys Boom Studios

Random House Publishing Group to Acquire Boom! Studios, Become Part of Random House Worlds Brand Portfolio

Random House Publishing Group, a division of Penguin Random House, has entered into an agreement to acquire BOOM! Studios, the world-renowned publisher and studio of comic books, graphic novels and licensed stories. The acquisition was announced today by Scott Shannon, President of Random House Worlds, and Ross Richie, President and Founder of BOOM! Studios. Terms of the agreement were not disclosed. The transaction is expected to close in summer 2024.

The BOOM! Studios publishing program will join the Random House Worlds portfolio of labels alongside Del Rey, Inklore and the RH Worlds licensing program. BOOM! Studios will maintain its editorial and publishing independence under Shannon’s leadership. Keith Clayton, Random House Worlds’ vice president of publishing, and Bill Takes, Random House Publishing Group’s executive vice president of business strategy, will work alongside Shannon and the BOOM! Studios team to help manage and integrate the new label.

BOOM! Studios titles will continue to be distributed by Diamond Comic Distributors in the direct market and by Simon & Schuster in the bookstore market. There are no plans to relocate the BOOM! Studios office to Los Angeles.

Founded in 2005 by Richie, BOOM! Studios publishes under four distinct lines (BOOM! Studios, BOOM! Box, KaBOOM! and Archaia) and has produced award-winning and bestselling original works including Keanu Reeves’ BRZRKR, Something is Killing the Children and Lumberjanes, while innovating with established franchises such as Power Rangers, Dune, The Expanse, Garfield, Firefly, Labyrinth and The Dark Crystal. BOOM! Studios has produced numerous feature films and television series including 2 Guns (2013), The Empty Man (2020), Just Beyond (2021) and Mech Cadets (2023). It is currently in production on Butterfly, a live-action series for Amazon Prime Video starring Daniel Dae Kim and Reina Hardesty.

Random House Worlds is a portfolio of imprints within Random House Publishing Group, a division of Penguin Random House, the world’s largest commercial publisher. It consists of Del Rey, founded in 1977 and the world’s leading publisher of science fiction and fantasy, publishing renowned authors such as Terry Brooks, Naomi Novik, Douglas Adams, Siliva Moreno-Garcia, Robin Hobb, Max Brooks, Pierce Brown, Katherine Arden, and Danielle L. Jenson, among others; Inklore, which publishes the best in licensed and original manga, manhwa, manhua, webcomics, and graphic novels for mature audiences; and Random House Worlds, a fully licensed book publishing imprint, home to the biggest pop culture brands across all genres and media types.

“It’s every entrepreneur’s dream to start a business, grow it, and sell it to the best,” said Richie. “I’m thrilled to hand the reins of BOOM! to the best and largest publisher in the world. Their focus on readers and retail partnerships will strengthen our work and help our creators achieve even greater success. Personally, it’s time for me to take some time off with my family and explore what’s next.”

“Over the past several years, Random House Worlds has collaborated with BOOM! Studios on a variety of projects and has had the benefit of seeing their best comics publishing firsthand. Ross and his team have built a vibrant and imaginative home for a diverse and talented roster of creators. We are thrilled to welcome BOOM! Studios into our home and to now work alongside this imaginative team,” said Shannon. “The acquisition of BOOM! Studios is a major step in expanding Penguin Random House’s support of the direct comics market and a key part of our commitment to being the best publisher for creators in every category. We are excited to continue this tradition with BOOM! as part of Random House Publishing Group.”

Is this every entrepreneur’s dream? Expect consequences, including layoffs.

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