Yen Press Folded Within Orbit Division
Yen Press has been moved from the Young Adult division of Hachette Book Group to become an imprint of the company’s Orbit line of science fiction titles. Orbit was already an existing imprint and is now being upgraded to a separate division, much as DelRey is an imprint and separate division of Random House. They too have a line of Manga.
As part of the shuffle, Rich Johnson, co-founder of the line, will be leaving Hachette on October 31. Co-founder Kurt Hassler will remain to run the titles, reporting to Tim Holman, newly named VP and Publisher of the Orbit division.
Yen Press was founded in 2007, largely by Johnson who had previously been VP-Sales for DC Comics. They announced an ambitious of line Manga titles in addition to Yen Plus, a monthly anthology magazine ala Shonen Jump, which debuted July 29. The company absorbed Korea’s ICEkunion which had been releasing manhwa to American audiences which it did after delays, in the spring.
As the company geared up for launch, they announced an ambitious goal of 30-40 volumes released in 2008, just as the Manga flood in the bookstore markets led to the chains seriously re-evaluating titles and cutting back on orders, which had serious repercussions for Viz, TokyoPop and CMX.
Hachette’s CEO and Chairman David Young said in the press release, “This new publishing division gives us the perfect platform for building our business in two genres that have significant potential for future growth. Tim has grown Orbit to be the market-leading imprint in the UK, and his publishing experience is perfectly suited to the opportunities presented by both Orbit and Yen Press in the US market. We are of course sorry that Rich Johnson will be leaving the company, however as the Yen business has evolved it has become clear that a single Publishing Director for the imprint is most appropriate. The establishment of this new division reflects not only our belief that it makes publishing sense for Orbit and Yen Press to be more closely connected within the company, but also our commitment to the genres in which they publish.” (more…)

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