Entangled Publishing, Home of the Bestselling Fourth Wing, Announces Strategic Partnership with TCG

TCG partnership accelerates Entangled’s expansion into a global content and media platform

LOS ANGELES--(BUSINESS WIRE)--Entangled Publishing, the largest independent book publisher focused on romance and romantasy, today announced a strategic partnership with The Chernin Group (“TCG”). This minority investment accelerates Entangled’s evolution into a diversified media platform, leveraging TCG’s expertise in content, community, consumer products, gaming, live events, and franchise development. Entangled co-founder and CEO Liz Pelletier will retain majority ownership and continue to lead the company’s vision and strategic direction, maintaining full creative control.

Founded in 2011, Entangled is home to #1 New York Times bestselling author Rebecca Yarros’ Empyrean series: the worldwide phenomenon including Fourth Wing, Iron Flame, and Onyx Storm. Its success extends far beyond the Empyrean universe, with additional #1 New York Times bestselling titles and authors including Devney Perry’s Shield of Sparrows, Abigail Owen’s Games Gods Play, Hannah Nicole Maehrer’s Assistant to the Villain, and Mai Corland’s breakout hit Five Broken Blades. Since the launch of its Red Tower imprint in 2023, more than 75% of the imprint’s releases have sold over 100,000 print copies, compared to less than 1% among the top 10 publishers.

Entangled’s strategy centers on collaborating with authors throughout the editorial process to expand opportunities for their stories to come to life in film, television, and beyond. An impressive slate of Entangled titles is already in development with Amazon MGM, Legendary Television, and NBCUniversal, including a highly anticipated Fourth Wing series at Amazon. This partnership positions Entangled to extend these stories into new multimedia verticals and create even greater opportunities for its authors.

Earlier this year, Entangled announced joint ventures with PRH’s Michael-Joseph Books in the UK and Bonnier’s Piper Verlag in Germany, expanding its imprints into two of the largest European markets and taking the first steps toward building a global brand. In 2026, Entangled will launch two new young adult imprints, Mischief and Mayhem, creating distinct lines for younger and more mature teens. These imprints will debut in the U.S. and will also be incorporated into Entangled’s European joint ventures. The highly anticipated first title on the Mayhem list, Dragon Cursed by New York Times bestselling author Elise Kova, will release in January.

“Entangled has always championed stories that spark passionate reader fandoms. We’re already seeing our authors’ worlds thrive across multiple platforms, and this partnership allows us to scale that impact faster and smarter,” said Liz Pelletier, Co-founder and CEO of Entangled Publishing. “TCG understands how to build iconic, fan-driven companies and together, we’re creating new revenue streams for our authors and unforgettable experiences for our readers.”

“Entangled is rewriting the publishing playbook, and we’re thrilled to partner with them as they expand into a world-class entertainment company,” said Julia Beilman, Principal at TCG. “Liz and her team have built an extraordinary business that is redefining how stories move through culture and energizing fans in ways we’ve never seen before. Entangled is exactly the kind of media company we seek to support: one with deeply passionate audiences, clear opportunities to expand into new verticals, and a strong position at the leading edge of the cultural shifts reshaping media and entertainment.”

From 2020 to 2023, while the general fiction market grew ~15%, romance sales more than doubled and fantasy sales surged 160% as viral romantasy titles dominated bestseller lists, underscoring the category’s remarkable momentum. With record-breaking sales, deep relationships with award-winning authors, showrunners, and content creators, and several multimedia initiatives already underway, Entangled continues to meet the rising demand for romance and romantasy storytelling.

TCG is a multi-stage investment firm with a strong track record of supporting and scaling culture-defining content brands and entertainment platforms, including Audiochuck, Barstool Sports, Hello Sunshine, Crunchyroll, Exploding Kittens, and more. Their partnership with Entangled underscores the significant potential for romance and romantasy IP to expand into global multimedia franchises spanning entertainment, gaming, consumer products, live events, and emerging formats.

About Entangled Publishing

Entangled Publishing, recently recognized by Time Magazine as one of the “100 Most Influential Companies” and named one of Fast Company’s Most Innovative Companies of 2025, has established itself as a leading independent publisher since its founding in 2011. The company has redefined the landscape of new adult and romantasy through its Red Tower Books imprint, which publishes bestselling authors including Rebecca Yarros, Rachel Howzell Hall, Hannah Nicole Maehrer and Mai Corland. With a strong commitment to discovering and amplifying compelling voices, Entangled continues to shape the future of commercial fiction with its Amara adult imprint and its young adult imprints Mischief and Mayhem, which focus on genres including contemporary, fantasy, mystery, thrillers and horror, publishing bestselling authors such as Melanie Harlow, Elise Kova, and Nisha J. Tuli.

About TCG

Founded by Peter Chernin, Jesse Jacobs, and Mike Kerns, The Chernin Group (“TCG”) is a multi-stage investment firm dedicated to building enduring consumer businesses. TCG partners with exceptional management teams to grow market-leading businesses in categories of consumer passion such as sports, media, commerce, gaming, and health and wellness. The firm leverages decades of operating experience and deep connectivity to the media and technology ecosystem in service of its portfolio companies. Investments have included Action Network, Barstool Sports, Cars & Bids, Collectors, Crunchyroll, Epic Gardening, MeatEater, Oura, Premier Lacrosse League, Scopely, Unrivaled Sports, and more. Learn more at https://tcg.co/.