Media Fortune Fame & Folly

Bloomsbury buys Red Globe

Bloomsbury Publishing, the UK listed book publisher, has acquired Red Globe Press from Springer Nature for a maximum £3.7m, of which £2.1m will be paid in cash and a further £1.6m in potential earn-out. Red Globe is an imprint serving the higher education market with a catalogue of over 7,000 titles in humanities, social sciences and business and 100 new titles being published each year.  The brand employs a staff of 30 who will transfer with the business. Red Globe Press achieved almost £10m in revenue in 2020 with over £1m in profit.