Weinstein Books was rumored to be shutting down. But in a last minute save, the company is partnering with Perseus Book Group under which Perseus will take over publishing and distribution for Weinstein.
Shortly before Labor Day rumors surfaced that Weinstein Books was being shut down, but publisher Judy Hottensen, while acknowledging that its staff had been cut from five to four and was looking to control expenses, said Weinstein Books was continuing to acquire titles. Hottensen, along with the Weinstein Books team, will remain in its current offices and "will participate in the development of the longer-term plan for the JV," the press release said.
First new books to come from the venture, which will still be called Weinstein Books, will be titles that had been in the Weinstein Books pipeline including All Things at Once by Mika Brezinski, a Raquel Welch beauty guide and The Overnight Socialite by Bridie Clark.
The Weinstein Brothers are in a fight to save their company and are focusing on cutting costs and increasing revenues to the movie side of the business, which is also hurting despite the success of Quentin Tarantino's Inglorious Basterds.
