The dtv Verlagsgesellschaft is a German publishing house headquartered in Munich. It was founded in 1960 by eleven publishers as a common paperback publishing house named "Deutscher Taschenbuch Verlag" (German paperback publishing house). Starting in 1996, dtv also published original editions and first editions. Since 2012, dtv has its own program with hardcover books. In 2015 the company's sales, with its 125 employees, were €65 million. dtv publishes approximately 500 new books annually. Its inventory of available titles and e-books is around 7000. In June 2015 the "Deutscher Taschenbuch Verlag" became the "dtv Verlagsgesellschaft". From 1996 to 2015, Wolfgang Balk was the publishing CEO of dtv. Source: Wikipedia (en)