Future Group bets on publishing

The Economic Times reports that The Future Group is betting big on publishing and is negotiating to acquire copyrights of best sellers from several foreign and Indian publishers. So far, the company has acquired Indian publishing rights for 18-20 foreign titles. These are in children’s and health book segments and will be sold under the company’s Depot brand, the Future Group’s private label for books. Depot also plans to bring in Indian authors to produce independent titles.

Future Group CEO stated to The Economic Times that

“The group is in an advanced stage of negotiations with foreign publishers, including those from countries like the UK and Canada.”

Preeti Vyas, business head for Depot, added,

“Since we will have exclusive copyrights for selling these titles in the Indian market, the price will be customised.”