Hachette Book Group, one of the New York’s “Big Five” publishing houses, is headquartered only a couple blocks away from Rockefeller Center. As a part of the Big Five, Hachette is often grouped into generalizations about the industry and publishing houses more generally. Despite this, Hachette is actually one of the smaller publishing houses, even though its parent company, Hachette Livre, is third largest in the world. Despite this, Hachette still publishes around 800 books a year, with about 120 of those titles hitting the New York Times Best Seller’s list annually – a statistic provided by Brian McLendon, an associate publisher and vice president of his division, Grand Central Publishing and Twelve.
Despite being one of the smaller Big Five houses, Hachette is still a competitive player, publishing four of the top ten best-sellers of the last decade – including but not limited to, Nicholas Sparks, Stephenie Meyer, J.K. Rowling, and James Patterson. The company also has a global reach, thanks to parent company, Hachette Livre, and its associated companies. Even with such big names, however, Hachette Book Group still has to accommodate the demand for e-books, something McLendon states is becoming more and more manageable. According to Hachette’s models, e-books account for about 20-25% of the industry, a number that has shrunk in recent years, and is anticipated to remain relatively steady for the future. A statistic that suggests that the modern publishing industry is not doomed in the way that many people think it is.