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ILP takes majority stake in the estate of Finnish author Paasilinna
International Literary Properties (ILP) has made a "major" investment for a majority stake in the estate of Finnish "literary icon" Arto Paasilinna.
ILP will now manage the Paasilinna’s 35 novels and 12 non-fiction books alongside other writings and, in collaboration with the Arto Paasilinna Estate, has already begun a "comprehensive" programme to "reinvigorate and champion" Paasilinna’s work globally.
“Arto Paasilinna is a literary legend, both in Finland and beyond," commented Mary Durkan, e.v.p. Global Acquisitions at ILP. "The fact that his books are translated into so many languages speaks to the quality and wit of his writing. We are thrilled to be working closely with his son, Petteri, and the Paasilinna Estate to curate Arto Paasilinna’s literary legacy and bring his important work to new global audiences."
Paasilinna, who died in 2018, is known for works such as The Year of the Hare and The Howling Miller, alongside his work as a journalist. His tragi-comic stories, which deal with mental health, aging and everyday life, have been published in 40 languages. Paasilinna has been hailed by ILP as a "literary pioneer" and as "the brightest star in the Finnish translated-literature firmament" by Helsingin Sanomat, a Finnish newspaper.
Petteri said: “I am delighted to be working with the International Literary Properties team and putting my father’s work into their hands to protect his legacy. I’m looking forward to our exciting plans for the future and sharing my father’s works with new international audiences."
Hilary Strong, chief executive officer of ILP UK and EMEA, added: “Following the decision to expand ILP’s reach into Europe, we are excited to welcome the estate of Arto Paasilinna and his classic novels into ILP’s portfolio of wonderful literary IP. Paasilinna’s works are always adventurous and entertaining, often with a satirical take on society and we look forward to working with his family and his publishers to build on his very special legacy."
