College textbook maker Pearson eyes NFTs to claim a cut of second-hand sales

NFT advocates often tout the technology's ability to grant the creator a cut of second-hand sales as one of its major attributes. Artists can earn from one of their digital creations years after first selling it. Others are looking at NFTs to earn a buck from the secondary market too, including the publishers of college textbooks.Pearson, which said in 2019 it would focus on digital textbook sales, wants a piece of the action. “In the analogue world, a Pearson textbook was resold up to seven times, and we would only participate in the first sale,” CEO Andy Bird told Bloomberg this week. “The move to digital helps diminish the secondary market, and technology like blockchain and NFTs allows us to participate in every sale of that particular item as it goes through its life."There's an obvious reason why students resell textbooks. They're expensive! Students often have to spend hundreds of dollars on required materials each semester — or even hundreds of dollars on a single textbook. Selling on a textbook when it's no longer needed just makes sense.Turning textbooks into NFTs and banking on the blockchain to track ownership of them (from “owner A to owner B to owner C,” as Bird put it) seems unnecessary, though. Digital rights management already exists and doesn't need to go anywhere near cryptocurrency. Pearson has a $15 per month subscription service for its textbooks as well.Bird could simply be bloviating about a zeitgeisty technology to try and keep Pearson's investors... Continue reading at 'Engadget'

[ Engadget | 2022-08-03 20:10:20 UTC ]
News tagged with: #second-hand sales #nft advocates #major attributes #secondary market #analogue world #makes sense #pearson

Other Publishing stories related to: 'College textbook maker Pearson eyes NFTs to claim a cut of second-hand sales'


College textbook maker Pearson eyes NFTs to claim a cut of second-hand sales

NFT advocates often tout the technology's ability to grant the creator a cut of second-hand sales as one of its major attributes. Artists can earn from one of their digital creations years after first selling it. Others are looking at NFTs to earn a buck from the secondary market too, including... Continue reading at Engadget

[ Engadget | 2022-08-03 20:10:20 UTC ]
More news stories like this | News stories tagged with: #second-hand sales #nft advocates #major attributes #secondary market #analogue world #makes sense #pearson


Pearson plans to sell its textbooks as NFTs

Educational publisher’s move into non-fungible tokens is intended to claw back some of the income lost to secondhand salesTextbook publisher Pearson plans to profit from secondhand sales by turning its titles into non-fungible tokens (NFTs), its chief executive has said.Educational books are... Continue reading at The Guardian

[ The Guardian | 2022-08-02 15:37:17 UTC ]
More news stories like this | News stories tagged with: #digital textbooks #pearson plans #educational publisher #non-fungible tokens #claw back #educational books #pearson


Pearson Cutting 4,000 Jobs as First-Half Sales Decline

Pearson Plc (PSON), the publisher of the Financial Times, said today it will have cut a total of about 4,000 jobs in the two years through 2014 and reported a sales decline of 6.5 percent for the first half. The cuts are equivalent to about 10 perc ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2014-07-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #sales decline


Authors leave Hungarian publisher in protest at sale to Orbán-linked college

Libri Group’s takeover by Mathias Corvinus Collegium raises fears of crackdown on literary freedomsThe takeover of Hungary’s largest publishing house and bookstore chain by a private foundation with close ties to the country’s prime minister, Viktor Orbán, has prompted walkouts from authors who... Continue reading at The Guardian

[ The Guardian | 2023-06-23 11:38:44 UTC ]
More news stories like this | News stories tagged with: #close ties #prime minister #viktor orbn #literary fiction #bookstore chain


Vice files for bankruptcy protection amid cut-price sale to consortium

Digital publisher and owner of Vice News and Vice TV was once valued at $6bn but has agreed sale for $225mVice, the once high-flying media startup that reached a peak valuation of nearly $6bn (£5bn), has filed for bankruptcy protection in the US as the digital publisher engineers a cut-price... Continue reading at The Guardian

[ The Guardian | 2023-05-15 09:23:50 UTC ]
More news stories like this | News stories tagged with: #vice news #vice tv #bankruptcy protection #$6bn 5bn #digital publisher


Exclusive: The makers of a Harry Potter smart wand claim Warner Bros. took their IP

The co-founder of Kano says that a new Harry Potter wand includes his technology; Warner Bros. disputes the claim. In 2018, Warner Bros. made waves when it announced a partnership with Kano, a U.K. kid-friendly coding firm, to release a Harry Potter coding wand that brought the magical world of... Continue reading at Fast Company

[ Fast Company | 2023-01-27 14:02:23 UTC ]
More news stories like this | News stories tagged with: #warner bros #made waves #magical world #harry potter


Pearson sales drop 10% in 'challenging' 2020

Pearson has reported group sales fell 10% in 2020 in its January trading update, reflecting the continuing impact of Covid.  Continue reading at The Bookseller

[ The Bookseller | 2021-01-19 21:27:03 UTC ]
More news stories like this | News stories tagged with: #pearson


Toronto's Pearson airport cuts 1/4 of staff due to reduced travel demand amid COVID-19 pandemic

The biggest airport in Canada is eliminating 500 jobs because of the dramatic reduction in demand for air travel due to COVID-19. Continue reading at CBC

[ CBC | 2020-07-14 14:02:27 UTC ]
More news stories like this | News stories tagged with: #dramatic reduction #pearson


Bloomsbury to issue shares and cut costs, anticipating sales hit

Bloomsbury is issuing new shares and implementing a raft of cash-saving measures to counter the impact of recent retail closures on its business, which in a "prudent downside scenario" the company estimated could see print revenues fall as much as 75%.  Continue reading at The Bookseller

[ The Bookseller | 2020-04-17 01:14:48 UTC ]
More news stories like this | News stories tagged with: #cut costs #bloomsbury


Unruly eyes faster growth in tough video ad market after News Corp sale

News Corp, which will get small stake in Tremor, has also entered into three-year partnership for outstream video. Continue reading at Media Week

[ Media Week | 2020-01-06 09:49:13 UTC ]
More news stories like this | News stories tagged with: #three-year partnership #news corp


Amazon claims Kindle sales boost in 2019

Kindle sales increased "again in 2019 thanks to independent publishing, Unlimited subscriptions and Amazon Publishing", the company claims. Continue reading at The Bookseller

[ The Bookseller | 2019-12-24 00:23:43 UTC ]
More news stories like this | News stories tagged with: #independent publishing #amazon publishing #company claims #kindle


Sales Up, Loss Cut in Q1 at Scholastic

Led by a strong performance in its trade division, revenue at Scholastic rose 7% in the first quarter ended August 31, 2019, over the comparable period in fiscal 2019. The net loss was cut to $58.5 million, from $61.3 million in last year’s first quarter. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-09-20 04:00:00 UTC ]
More news stories like this | News stories tagged with: #strong performance #trade division #net loss #scholastic


Pearson shifts to Netflix-style subscription model for textbooks

Academic publisher hopes to convince students to pay to access online materialsThe era of students using their loans to buy expensive textbooks upfront could be coming to an end, after the academic publisher Pearson announced a shift towards a Netflix-style subscription-based model.The British... Continue reading at The Guardian

[ The Guardian | 2019-07-16 13:31:56 UTC ]
More news stories like this | News stories tagged with: #academic publisher


Education publisher Pearson to phase out print textbooks

Pearson says students will only be able to rent physical books as it makes all products "digital first". Continue reading at BBC World

[ BBC World | 2019-07-16 06:14:53 UTC ]
More news stories like this | News stories tagged with: #print textbooks #pearson


NBC eyes huge ad sales night as Bruins force a Stanley Cup Final Game 7

Having Zambonied the St. Louis Blues on their home ice by a score of 5-1, the Boston Bruins on Sunday night ensured that the 2019 Stanley Cup Final will go the full seven games. And while hockey fans are happy to see the season get extended by another three regulation periods, NBC is downright... Continue reading at Advertising Age

[ Advertising Age | 2019-06-10 21:23:47 UTC ]
More news stories like this | News stories tagged with: #digital version #market street #sneak peek


Former number in hand, Tanner Pearson gets to face his former Kings teammates for first time

The attachment that Tanner Pearson has with the No. 14 jersey runs deep. He wore it “my whole life,” from when he was a mite hockey player to the Manchester Monarchs. That ended when he got called up to the Kings in 2013 and wound up being a part of their 2013-14 championship season. “When I got... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-12-15 00:00:00 UTC ]
More news stories like this | News stories tagged with: #tanner pearson


B&N Cuts Q2 Losses as Comp Sales Improve

Barnes & Noble cut its operating loss in the second quarter ended October 27, 2018, to $26.8 million, down from $52.2 million a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #operating loss


Amazon is now taking a 30 percent cut of ad sales from Fire TV

Amazon is taking a bigger piece of ad sales on Fire TV, its connected TV devices, by requiring TV networks and digital publishers to hand over 30 percent of their commercial space for it to sell, according to new terms from the e-commerce giant.Until last month, Amazon let the publishers sell... Continue reading at Advertising Age

[ Advertising Age | 2018-11-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ad inventory #ad sales #bigger piece #digital publishers #commercial space #e-commerce giant #ad revenue


Pearson agrees sale of One Southwark Bridge for £115m

Pearson has agreed the sale of its FT freehold and corporate headquarters at One Southwark Bridge to M&G Real Estate for £115m. Continue reading at The Bookseller

[ The Bookseller | 2018-11-15 00:00:00 UTC ]
More news stories like this | News stories tagged with: #corporate headquarters