A discussion on how watermarking e-books plays into publishers' overall DRM strategies, and its effectiveness.
Revenue at the publisher rose 4% in fiscal 2017 over the previous year, and operating income increased 17%. In announcing its latest financial results, the company also unveiled a program called Scholastic 2020, which aims to drive long term improvement in operating income.
The industry sales report for 2016 found that total sales for the industry fell 6.6%, compared to 2015. Based on sales from 1,207 companies that report to AAP, total sales last year were $14.25 billion, down from $15.26 billion in 2015.
Despite posting record revenues and a 35% increase in net earnings in the fiscal year ended February 28, Educational Development Corp. faced numerous challenges in 2017, including the inability to keep up with customer demand.
The order, issued by Denny Chin, the judge who presided over Google’s library book scanning litigation, could mean oral arguments in the copyright case could be heard this summer.
Led by strong gains in its children’s publishing division, revenue at Bloomsbury rose 15% in the fiscal year ended February 28, 2017 over fiscal 2016. Profits slipped, however, dropping to £9.4 million from £10.3 million in fiscal 2016.
In an amicus brief, AAP lawyers argue that a reversal legalizing the resale of digital media would be "catastrophic" for the publishing industry.