As the name implies, literary NFTs are digital assets that are coined on the blockchain as NFTs or non-fungible tokens. It's a digital literary work that has been lately dominating the online world. Literary NFTs could be anything like novels, scripts, essays, poetry, or even audiobooks. Literary NFTs are ideal for replacing the intermediary publishing bodies for direct … [Read more...] about What is Literary NFT: Everything You Need to Know
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Publishers demand pirated e-book site Fenlita be shut down
In recent times, there has been a lot of buzz around online platforms such as Sci-Hub and Z-Library, which have raised concerns among publishers regarding copyright infringement. Just a few months down the line and we seem to have another organization having dubious records that major publishing companies like Cengage, Macmillan, McGraw-Hill, and Pearson have found fault with. … [Read more...] about Publishers demand pirated e-book site Fenlita be shut down
Pearson abandons print textbooks and is going to focus on digital
Pearson is the largest publisher involved in textbooks for colleges and universities. The company has announced they are abandoning print and are only going to focus on digital. This is being done because most of their digital textbooks are delivered on a subscription basis and the content can also be updated responsively and incorporate videos and assessments that provide … [Read more...] about Pearson abandons print textbooks and is going to focus on digital
Pearson Sells Off Digital Textbook, School Courseware Division
Widely-known educational publisher Pearson has been giving hints and reports since 2017 that it had plans to get rid of its digital textbook division, and now that deal has finally been announced. The company will sell off its K12 school courseware product--which distributes digital textbooks, among other things--to Nexus Capital Management, as announced this … [Read more...] about Pearson Sells Off Digital Textbook, School Courseware Division
Pearson is lowering the cost of e-book rentals
Pearson, one of the largest educational publishers in the world is making a serious push towards digital. They are dropping the prices of its e-book rentals and piloting a new program for print textbook rentals. This is been done because they experienced a £180m decline in profits over the course of 2016 and now predicts that “many of these downward pressures will … [Read more...] about Pearson is lowering the cost of e-book rentals
Barnes and Noble Repurchases Nook Stock from Pearson
When Barnes and Noble started experiencing close to $1.2 billion in loses in their Nook Media division, they started to get companies to invest. Microsoft contributed $300 million and educational publisher Pearson kicked in $89 million. In early December the bookseller bought back their shares from Microsoft and today, B&N repurchased the 5% equity investment from Pearson … [Read more...] about Barnes and Noble Repurchases Nook Stock from Pearson
OverDrive Catalog Adds Digital Texts from Pearson
One of the main frustrations with the digital textbook market is the lack of penetration in public schools at the elementary and secondary level. While the convenience and affordability of digital texts have been available in higher education institutions for some time, it is the tax funded public schools who are still waiting for the benefits that come from digital … [Read more...] about OverDrive Catalog Adds Digital Texts from Pearson
Copia Contributes Towards Subscription Based Digital Learning in Australia
Copia hails itself as one of the best known names in the field of digital classroom solutions, and has announced its association with the LearningField project in Australia that aims to provide a complete digital makeover to education in that country. Led by Copyright Agency (described in Wikipedia as "an Australian company incorporated under the Corporations Code for the … [Read more...] about Copia Contributes Towards Subscription Based Digital Learning in Australia
Penguin Announces eBooks Account for 17% of Global Revenue
Pearson issued an unaudited report that sums up its entire 2012 fiscal year. One of the most interesting aspects is that Penguin has stated that ebooks now account for 17% of global revenue. The largest growth was in the US, where ebooks account for over 30%, up from 20% in 2011. The company had worldwide revenues of £6.1 billion (USD $9.2 billion). John Fallon, chief … [Read more...] about Penguin Announces eBooks Account for 17% of Global Revenue
Pearson Launches New Incubator Program for Startup Companies
Pearson is launching a new incubator program called Catalyst. This is a new initiative that is seeking to help finance and launch digital companies looking to make their mark on the educational world. A number of successful companies have been helped out by Pearson in the past, including Inkling. Obviously, if you are looking to make a major push into the educational arena, … [Read more...] about Pearson Launches New Incubator Program for Startup Companies
Penguin, Author Solutions Launch India’s New Self-Publishing Platform
Capitalizing on the growing globalization movement associated with digital reading, it's no longer enough to simply bring ebooks to a foreign market. Forward thinking companies are already preparing for the digital publishing revolution sparked by authors' intentions to publish their own works, with several solutions providers working on expanding the reach of digital … [Read more...] about Penguin, Author Solutions Launch India’s New Self-Publishing Platform
Pearson Completes Investment in Barnes and Noble Nook Media
Pearson, the parent company of Penguin Publishing, has completed the financial investment in Barnes and Noble's Nook Media today. The total amount was 89.9 million dollars and it should help the ailing bookstore to compete harder in the digital space. Pearson now has a 5% stake in Nook Media, while Microsoft (with its 300 million dollar investment last year) nets 16.8%. … [Read more...] about Pearson Completes Investment in Barnes and Noble Nook Media
US Justice Department Reaches Settlement with Penguin
The US Justice Department just announced that it has reached an agreement with Penguin for agency ebook pricing. Pearson owned Penguin was one of the last holdouts and decided to settle to make way for the merger with Random House. In a statement, the Justice Department's antitrust office said it will continue to press its case against defendants Apple Inc and Holtzbrinck … [Read more...] about US Justice Department Reaches Settlement with Penguin
Penguin to Get into the Self-Publishing Game with Author Solutions Purchase
Penguin Publishing is poised to enter the highly competitive market of digital self-publishing. The company today has finished their acquisition of US based Author Solutions for $116 million in cash. Author Solutions will “continue to be run as a separate business” and will be “integrated into Penguin’s back office and technology infrastructure.” Author Solutions may be a … [Read more...] about Penguin to Get into the Self-Publishing Game with Author Solutions Purchase