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Egmont Group

This article is about the publishing company. For the financial intelligence organisation, see Egmont Group of Financial Intelligence Units.

The Egmont Group (officially Egmont International Holding A/S; known as Gutenberghus Group until 1992) is a Danish media corporation founded and rooted in Copenhagen, Denmark. The business area of Egmont has traditionally been magazine publishing, but has over the years evolved to comprise mass media generally.

Egmont International Holding A/S
Company typePrivate
IndustryMedia group
Founded1878; 146 years ago (1878)
Copenhagen, Denmark
FounderEgmont H. Petersen
Headquarters
Copenhagen
,
Denmark
Key people
Steffen Kragh (President & CEO)
Steen Riisgaard (Chairman)
ProductsBooks, Magazines, Film, Cinemas, Interactive media, Television
RevenueIncrease €2,073 million[1] (2021)
Increase €256 million[1] (2021)
Increase €224 million[1] (2021)
Total assetsIncrease €2,500 million[1] (2021)
Total equityIncrease €1,098 million[1] (2021)
Number of employees
5,376[1] (2021)
Websitewww.egmont.com

History

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The Egmont Group was founded by Egmont Harald Petersen in 1878,[2] as a one-man printing business, but soon became a magazine business. It was originally called "P. Petersen, Printers", named after Petersen's mother, as he was still too young at the time to register his own company. The company was renamed Gutenberghus in 1914 (after the famous inventor of the printing press), a name it kept until 1992.

In 1948, Gutenberghus, looking for new opportunities, sent its editor Dan Folke to Walt Disney Productions, and he managed to acquire a license for publishing comic magazines in Scandinavia. In 1948, the company started to publish a Donald Duck comic magazine in Sweden (as Kalle Anka & C:o) and Norway (as Donald Duck & C:o), in 1949 also in Denmark (as Anders And & C:o). This magazine features all the well known Disney characters, from Mickey Mouse to Little Hiawatha under license from Disney.

With the acquisition in 1963, of the Danish publisher Aschehoug, Egmont also entered the book market. From the late 1980s the Egmont Group used the close connection with Disney to expand their Scandinavian focus to a global focus, being the producer of Disney for the new Eastern European market, as well as for the Chinese market. In 1991, Egmont was co-founder of the Norwegian television channel TV 2, before buying it outright in 2012.

In 1992, Egmont bought Nordisk Film. In 1997, Egmont acquired Semic Press. In 1998, Egmont acquired the children's book catalogue of Reed Elsevier.[3] In 2008, they acquired the minority stake in magazine publisher Hjemmet Mortensen which they did not already hold, from Orkla ASA.[4]

Egmont has a number of local country branches: Australia, Bulgaria (Egmont Bulgaria), China, Croatia, Czech Republic, Denmark, Estonia, Finland, Germany (Egmont Ehapa), Hungary, Latvia, Lithuania, Norway, Poland, Russia, Serbia, South Africa, Sweden, Turkey, Ukraine and United Kingdom.

Egmont is one of Scandinavia's leading media groups producing weeklies, magazines, comics, books, educational materials, activity products, movies and TV programs. The media group also operates movie theatres and TV stations, and the Egmont name is behind interactive games, game consoles, music and a wide range of digital media. Egmont publishes media in more than 30 countries, has over 5,300 employees and generated revenue amounting to over €2 billion in 2021.[1]

Egmont acquired Forma Publishing Group in October 2014.[5] In January 2015, the company shut down its American publishing division.[6]

On 1 May 2020, Egmont completed the sale of three of its publishers (Egmont Books UK, Egmont Poland, and Schneiderbuch Germany) to HarperCollins.[7]

Group management

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  • Steffen Kragh – President and CEO
  • Hans J. Carstensen – CFO
  • Torsten Bjerre Rasmussen – Executive Vice President, Egmont and CEO for Egmont Publishing
  • Allan Mathson Hansen – Executive Vice President, Egmont and President for Egmont Nordisk Film
  • Olav T. Sandnes – CEO and Chief Editor of TV 2 in Norway

Egmont divisions

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Egmont UK / Farshore

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Egmont UK publishes books and magazines for children in the United Kingdom. It is the largest dedicated children's publisher in the UK. The Head Office is in London. In May 2020, the books division of Egmont UK was sold to HarperCollins. The new imprint changed its name to Farshore in February 2021.

Egmont Books

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In 1998, Reed Elsevier sold Dean & Son, World Distributors, and the children's divisions of Heinemann, Methuen, Hamlyn and Mammoth to the Egmont Group.[3][8]

Egmont UK's book list includes fiction novels, illustrated picture books, pop-up and novelty books, fantasy adventures, annuals, colouring, activity and sticker books as well and Egmont's own Reading Ladder (for five- to nine-year-olds). Egmont also has a number of young adult fiction works, award-winners, classics and epic tales.

The Fiction list includes work from such award-winning authors as Andy Stanton, Jim Smith, Michael Morpurgo, Lemony Snicket, Jamila Gavin and David Levithan. Electric Monkey is Egmont's dedicated Young Adult imprint and authors published include Elizabeth Acevedo, Michael Grant, Andrew A. Smith, Tahereh Mafi and Holly Jackson.

The Picture Book list includes work from authors such as Julia Donaldson, Kristina Stephenson, Michael Morpurgo and John Dougherty (author). Classic stories published by Egmont UK include The Velveteen Rabbit, The Little Prince and The Wind in the Willows. Authors on the non-fiction Red Shed imprint include Chris Packham and Laura Coryton.

Illustrators who are published by Egmont include Helen Oxenbury, Shirley Hughes, Jim Field, Rob Biddulph, Steven Lenton, Alex T. Smith and Colin and Jacqui Hawkins.

The Brands & Licensing books list includes titles from the following brands:

Egmont offers a range of Personalised books through their website.

The Dean imprint (Dean & Son) offers consumer-led, bespoke publishing direct to retailers.

Egmont Magazines

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In 1991, Egmont purchased the Fleetway arm of IPC Media in the UK from a company owned by Robert Maxwell, and merged it with their existing comics publishing division, London Editions, and thus became Britain's largest comic book publisher. The resultant company, Fleetway Editions, was absorbed into the main Egmont brand by 2000, having largely divested itself of its original portfolio (such as 2000 AD) and continued with only reprint and licensed material titles (e.g. Sonic The Comic). The Fleetway archive comprises those comics characters first published by IPC subsidiaries on or after 1 January 1970, together with 26 specifically named characters first published in Buster before that date.[9] In August 2016, The IPC/Fleetway library was sold to Rebellion Developments, who had previously acquired 2000 AD.[10][11]

Egmont Magazines currently publish titles including Toxic, Thomas & Friends, Disney Princess, Frozen, Minecraft, and Go Girl.

Egmont Foundation

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Egmont has a charitable wing. The founder's last will and testament paved the way for Egmont's charitable work to support social, cultural and scientific causes. As a foundation, Egmont helps improve children's and young people's quality of life, donating more than 235 million Euros to social, cultural and health projects since 1920.[citation needed]

See also

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References

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  1. ^ a b c d e f g "Egmont Group 2021 Annual Report" (PDF). Egmont. p. 4. Retrieved 10 July 2022.
  2. ^ Eva Harrie (2009). "The Nordic Media Market" (PDF). Nordicom, University of Gothenburg. Göteborg. Retrieved 10 December 2014.
  3. ^ a b "History of the Egmont Imprints". Penguin Random House. Retrieved 21 October 2018.
  4. ^ "Orkla ASA sells its stake in magazine publisher Hjemmet Mortensen AS to Denmark's Egmont" Nordic Business Report 27 June 2008
  5. ^ "Danish media group Egmont completes acquisition of Forma Publishing Group". Talking New Media. 3 October 2014. Archived from the original on Mar 28, 2016. Retrieved 29 April 2015.
  6. ^ "Egmont Publishing closes US business". Egmont. January 21, 2015. Archived from the original on 12 February 2015. Retrieved 7 April 2015.
  7. ^ Chandler, Mark (May 1, 2020). "HarperCollins completes Egmont acquisition". The Bookseller. Archived from the original on Jul 9, 2023.
  8. ^ Eccleshare, Julia (May 11, 1998). "PW: Egmont Buys Reed Children's Books". Publishers Weekly. Retrieved 2018-01-21.
  9. ^ Frank Birch (14 December 2008). "Speaking Frankly..." Birmingham Mail. Archived from the original on 20 July 2011. Retrieved 15 April 2011.
  10. ^ Bunge, Nicole. "REBELLION ACQUIRES FLEETWAY AND IPC YOUTH GROUP ARCHIVES". ICv2. Retrieved 4 November 2016.
  11. ^ Johnston, Rich (25 August 2016). "Rebellion Buys Fleetway Archive – Roy Of The Rovers, Oink, Tammy, Battle, Whizzer And Chips And More". Bleeding Cool. Retrieved 4 November 2016.
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