The two major educational publishers announced an all-stock merger a year ago, but ran into regulatory issues and criticism around market dominance and pricing.
The Authors Guild’s new statement sees unsettled business between Cengage Unlimited and authors over the publisher’s new usage-based royalty payments.
Wattpad cites a 10-million-person rise in worldwide monthly active users. And Cengage faces another court challenge to its subscription model.
Anticipating a combined pro forma cash revenue of US$3,157 million, the new entity will take McGraw-Hill’s name, the deal expected to close by early 2020.
Education content subscription model Cengage Unlimited has sold more than one million subscriptions since August 2018, according to preliminary data from Cengage.
A ‘fast follow’ is planned for Spanish-language regions for Wattpad Next payments, now beta-testing in the USA. Cengage Unlimited adds another university.
A new Penguin Random House site for educators markets curriculum-relevant titles from both the frontlist and backlist. And two programs are providing tens of thousands of Cengage’s new subscription to students.
The first-announced institutional contract for the Cengage Unlimited subscription model for its digitally delivered college curriculum course materials has been signed for the 2018-2019 school year by New Mexico’s University of the Southwest.
How are authors’ contractual rights with a publisher best handled when the house rolls out a digital subscription offer and promises that its entire content library will be on offer that way? An authors’ lawsuit of Cengage is calling the question.
Cengage Unlimited textbook subscription service launches later this year, giving students full access to all of Cengage digital content for the cost of $119 per semester