Pearson has reported that in 2016 the North American higher education courseware market was much weaker than expected and that their net revenues fell 30% in the final quarter resulting in an unprecedented 18% decline for the year.
Overall sales for Pearson fell 7% in the first 9 months of 2016, due to further inventory corrections by retailers in North American Higher Education courseware in July and August. Pearson noted that trends improved in September and, so far, into October.
According to the Pew Research Center in the last year 39% of Americans read only print books. Another 26% didn’t read any books at all, but read other things. The question is where do the other 35% of book readers get their information. Remember, that not so long ago the 74% who wanted to read a book turned to one that was printed.
Students who have decided to study photography at the post secondary level (college or university) should sign up for the Alamy Student Scheme
and begin to get a realistic idea of the value of their work in the marketplace. Alamy can help the student learn what customer’s want.
Brooks Institute, possibly the premier photography trade school in the U.S., has announced that after 70 years of training media and visual arts students it will close its doors on October 31. Students, faculty, and staff were informed of the closing at a meeting with school representatives on the morning of August 12, 2016.
It is that time of year when students are getting ready to head off to college. Most will go there because it sounds like more fun than going out and getting a job and because they have been told that a “higher education” will give them a better chance at future career advancement and eventually earning more money.
So you want a career in photography. You like taking pictures. It’s fun. Wouldn’t it be great if you could get paid to do it? You’re a high school student about to graduate. Everyone says you need more education to have a chance at a good job. You’ve no idea how much you’ll have to earn to feed, clothe and house yourself, and maybe some day a spouse and family. But, it seems you should get more education in the career path you want to follow.
Pearson has cut its full-year guidance to investors in a dire warning about the continuing "cyclical and policy-related factors which have been hurting our markets for some years." Its share price fell almost 17% to a value of $14.54 in New York. The company’s ADRs are now down 30.7% over the past six months.
Video education is red hot. For over a year Matthew White and Domenick Propati, CEO of Footage.net have been working to develop Footage Access
, an electronic service that allows students and faculty members at Colleges and Universities to research, download, and have limited free use of stock and archival footage in their non-commercial projects.
has announced that after “thoughtful consideration and exhausting many different ideas” it will shut down Skillfeed
at the end of the month. They are no longer accepting new subscribers or instructors. The platform will continue functioning for existing members until September 30th when website will be officially shut down.
Houghton Mifflin Harcourt (HMH) has started requesting images directly from some very experienced stock photographers and offering them $300 for all-future-rights, including copyright
, to any image they select.
, the leading mobile platform for photo and video crowdsourcing, has partnered with Pearson. In an effort to reach out and engage millennials, Pearson is using Scoopshot to crowdsource photos from around the world to illustrate its publications.
President Bob Hendriks and Treasurer Deborah Free have quietly announced resignation from their Young Photographer’s Alliance
(YPA) positions as of December 31st 2014.
Margi Sheard of the Greatstock (www.greatstock.co.za)
agency in South Africa recently published a story that raised an important issue about the world’s perception of Africa and the African people. The news media’s focus on tragedy and problems often provides an inaccurate picture of the real Africa, but it raises the issue of whether there is any way for photographers to do more to show the world the real Africa of the 21st century.
Stock photo sellers need to join together through their trade associations and stop licensing rights to their images to educational publisher for the use in online products until publishers agree to a new compensation strategy for such products. Historically, the licensing of photo uses for textbooks and educational materials has been treated in much the same way as the licensing for magazines and newspapers. That needs to change
For those licensing images to textbooks National Public Radio published an interesting report recently that is worth a listen
. It was pointed out that prices for college textbooks are often over $300 and climbing faster than the cost of food, clothing, cars and even health care.
In the case of Grant Heilman Photography
, Inc. vs. McGraw-Hill Companies, Inc. before Judge Michael M. Baylson in the United States District Court for the Eastern District of Pennsylvania a jury has found in favor of Grant Heilman and awarded them the amount of $127,087 for the unauthorized use of a total of 53 images.
Pearson’s conference call updating investment analysts on the company’s financial results for the first half of 2014, offered some interesting insights into where the education business is headed. By the end of 2014 Pearson will have cut its physical infrastructure and warehousing capacity in half compared to what it was 2 years ago. They will have cut 4,000 jobs, around 10% of the their workforce, primarily in print-related activities in mature markets.
BookStats has reported that the U.S. book and journal publishing industry sold 2.59 billion units and generated $27.01 billion in net revenue in 2013. The trade sector - covering general consumer fiction and non-fiction – generated $14.66 billion in net revenue leaving about $12.35 billion for educational publishing. There were 2.32 billion trade book units sold and approximately 270 million educational books.
In January Pearson provided a regular trading update and on February 28, 2014 it will announce preliminary results for 2013. While overall the company expects an operating profit of approximately £865m they had “lower underlying margins in North American Higher Education, particularly in the important fourth quarter.”
If there is something related to photography or illustration that you want to learn more about, chances are that Shutterstock’s Skillfeed (www.skillfeed.com
) has a video tutorial on the subject. Some of the tutorials are designed for beginners while others are aimed at people with more advanced experience. When searching a subject you can sort the tutorials by your skill level.
Educational publishers are telling stock agencies and image creators that they need more and “better quality” still images. Despite declining prices many still photographers are continuing to try to improve on the images of educational subjects already in stock agencies. This may be a losing strategy for photographers.
Given the changing and growing demands publishers are facing when developing an educational program, PACA’s Editorial Relations Committee and Cengage Learning have worked together to create a new “Preferred Provider” Insert License Agreement that helps meet the publisher’s needs while providing image vendors of a better understanding of how their images are being used.
Art Directors and Graphic Designers lament the decline in creativity
. They say this results from a lack of Time and a lack of Funding which leads to a lack of Inspiration. 75% say they have too many competing priorities to leave time for reflection.
How fast is the education market moving from print to digital delivery? In its Q2 2013 earnings conference call with investors last week, Pearson, PLC, the world leading provider of educational materials and services provided some interesting data.