The Authors Guild’s new statement sees unsettled business between Cengage Unlimited and authors over the publisher’s new usage-based royalty payments.
Reporting US$2.62 billion in 2018 revenue, China’s sprawling Phoenix Publishing & Media already has deals in 30 countries and wants to get only bigger.
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.
A study commissioned by Ingram finds that students delay or avoid purchasing expensive textbooks. Education publishers respond with digital textbooks.
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.