section_path: Book publishing sub-divisions/Mainstream Publishers
section_name: Mainstream Publishers
paragraph_text: Mainstream Publishers
  
  These companies traditionally produce hardcopy books in large print runs. They have established networks which distribute those books to bricks-and-mortar stores and libraries.
  
  When a mainstream publisher accepts a book for publication, they require the author to sign a contract surrendering some rights to the publisher. In exchange, the publisher will take care of all aspects of publishing the book at the publisher's cost. They rely entirely on sales of the book to recoup those costs and make a profit. The author receives a royalty on each sale (and sometimes an advance on royalties when the book is accepted). Because of the financial risk, mainstream publishers are extremely selective in what they will publish, and reject most manuscripts submitted to them.
  
  In 2013, Penguin (owned by Pearson) and Random House (owned by Bertelsmann) merged, narrowing the mainstream publishing industry to a handful of big publishers as it adapted to digital media. The merger created the largest consumer book publisher globally, with a global market share of more than 25 percent. Approximately 60 percent of English-language books are produced through the " Big Five " publishing houses: Penguin Random House, Hachette, HarperCollins, Simon & Schuster, and Macmillan. In November 2020, ViacomCBS agreed to sell Simon & Schuster, the third largest book publisher in the United States, to Penguin Random House in a deal that, if it had gone through, would have formed the largest publishing company in the world. On November 2, 2021, the United States Department of Justice filed a lawsuit (U.S. v. Bertelsmann SE & CO. KGaA, et al.) to block the merger on antitrust grounds, and on October 31, 2022, the D.C. District Court ruled in favor of the Department of Justice, filing a permanent injunction on the merger.
  
  Although newspaper and magazine companies still often own printing presses and binderies, book publishers rarely do. Similarly, the trade usually sells the finished products through a distributor who stores and distributes the publisher's wares for a percentage fee or sells on a sale or return basis.
  
  Some major publishers have entire divisions devoted to a single franchise, e.g., Ballantine Del Rey LucasBooks has the exclusive rights to Star Wars in the United States; Random House UK (Bertelsmann)/Century LucasBooks holds the same rights in the United Kingdom. The video game industry self-publishes through BL Publishing/ Black Library (Warhammer) and Wizards of the Coast (Dragonlance, Forgotten Realms, etc.). The BBC has its own publishing division that does very well with long-running series such as Doctor Who. These multimedia works are cross-marketed aggressively, and sales frequently outperform the average stand-alone published work, making them a focus of corporate interest.
  
  The advent of the Internet has provided an alternative mode of book distribution and most mainstream publishers also offer their books in ebook format. Preparing a book for e-book publication is the same as print publication, with only minor variations in the process to account for the different publishing mediums; E-book publication also eliminates some costs like the discount given to retailers (usually around 45 percent).