Summary:

Random House has acquired teen reading and writing community Figment. Figment had previously acquired Inkpop, a similar site from HarperCollins.

Figment

Random House Children’s Books has acquired Figment, the teen reading and writing online community founded by Condé Nast’s Jacob Lewis and Dana Goodyear in 2010. Lewis has worked at Random House since July.

Figment has over 300,000 registered users who have published nearly 750,000 stories to the site. In addition to its community writing aspects, the site also offers book recommendations, and publishers can pay to promote their books on the site.

Figment snarfed up its rival, HarperCollins’ teen writing site Inkpop, in 2012. At that time, the sites had 210,000 users combined.

“Random House Children’s Books’ new relationship with Figment supports our ongoing strategy and increasingly important efforts to communicate and engage directly with our readers,” Barbara Marcus, president and publisher of RH Children’s, said in a statement.

Jacob Lewis has been VP and publishing director of Random House’s Crown since July. Before founding Figment, he was managing editor of the New Yorker and Condé Nast Portfolio. Goodyear is a staff writer at the New Yorker.

 

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