New owner plans digital future for Phaidon

Leon Black says art publisher to launch digital products


Phaidon Press, which has long specialised in art books, has been bought by the family of Leon Black (below). Black, who is a wealthy US businessman and art collector, says in a statement that the publisher will expand geographically and launch digital products. Richard Schlagman, who bought Phaidon when it was in receivership in 1990 and was reported to have invested £4m in the publisher in July 2011, told the Financial Times newspaper that the company has secured electronic rights to its backlist of titles, opening the way to moving into e-books. Phaidon was founded in Vienna in 1923 and moved to London in the late 1930s. Its success was based on producing art books, often large-format, at affordable prices, pioneering international co-editions with large print runs.


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