Danielle Steel has signed a 10-book contract with Pan Macmillan, moving to the publisher from Transworld, where she has been for the last 26 years.
Jeremy Trevathan, publisher of Macmillan adult books, signed UK and Commonwealth rights, excluding Canada, in a deal negotiated with Cullen Stanley at Janklow & Nesbit in New York.
Steel will move to Pan Macmillan from summer 2018.
Trevathan said: “It is enormously exciting for us all at Pan Macmillan to welcome one of the world’s most popular novelists to our list. Readers across the world adore her novels for their inspiring and uplifting stories. What makes her so successful is that she writes about characters and relationships that clearly speak to universal experiences that touch us all. We are immensely proud that she will join the Pan Macmillan family of authors.”
Steel has written 93 novels, and is currently publishing four new hardbacks every year. She has also written 17 children’s books, a book of poetry and four works of non-fiction.
She said: "I am thrilled to have found a new home for my books in the UK, Australia, India and South Africa. I am grateful to my loyal fans in those countries and hope to add new ones soon. This is a wonderful and very exciting new opportunity for me."
Steel has been published in the UK since 1989 by Transworld. Some of her older titles have been published in recent years by Little, Brown’s Sphere imprint. Her US publishing will remain with Penguin Random House.
Larry Finlay, m.d. of Transworld Publishers, said: "Transworld has enjoyed a rewarding publishing relationship with Danielle for over 25 years - and indeed still has 11 new books under contract. It is always sad to lose an author, but publishing profitability remains a key priority and unfortunately we were unable to agree mutually acceptable terms for a subsequent new deal for books to be published in 2018-2021.
"We have a very active growth plan in the area of women’s fiction where we are investing in a mix of writers and innovative publishing, so watch this space."
Anthony Forbes Watson, m.d. of Pan Macmillan, said: “I’m very proud to welcome Danielle Steel as a Pan Macmillan author. Danielle has achieved so much and there’s so much more for her still to achieve. We’re raring to go.”
Steel has sold a total of 11.6m books through Nielsen BookScan, for a value of £63.5m
Her most recent hardback is Prodigal Son, released on 26th February, which has sold 14,294 copies through Nielsen BookScan, and her biggest-selling book through Nielsen BookScan is Echoes, released in 2005, which has sold 331,243 copies.
Steel’s combined global sales stand at more than 650m copies, said Pan Macmillan, and she is translated into 43 languages.
Steel is the second high-profile author to move to Pan Macmillan in recent weeks. Last week it was announced that Kate Mosse would be leaving Orion to write a new trilogy for Pan Macmillan's Mantle imprint.