Home 5 Articles and Reports 5 80% of the Textbook Industry in USA is Dominated by 5 Publishers

80% of the Textbook Industry in USA is Dominated by 5 Publishers

by | Dec 19, 2018 | Articles and Reports, News

Source: Business Insider

 

Almost 80% of the textbook industry is dominated by five major publishers. And they’re doing everything in their power to make sure that students keep buying new textbooks. To save money college students started buying used textbooks for cheaper or rented them from bookstores. But publishers took notice and started bundling new textbooks with special codes that restricted access. Forcing students to buy new textbooks at the full retail price.

One study reported that  67% of students skip buying textbooks altogether because of rising prices and restrictive codes. And that’s not the only thing publishers have done to get students to buy new textbooks. There used to be a new edition update every five years. But now the production cycle has been shortened to two or three years.

New editions have reordered chapters or changes in page numbers, making it harder to use older editions. And they can cost up to  $150 more. But students have some other options to consider if they want to avoid expensive textbooks. Some schools are starting to use open source educational materials instead of traditional textbooks. That way, students can access open licensed texts, digital media and other learning materials for a fraction of the cost of textbooks.

But the movement is still in its infancy. So far,  only 6% of schools are using these open resources. It may be awhile before we see textbook prices drop any time soon. So for now, you may have to shell over $150 for a textbook you probably won’t read.

Recent News

12Apr
SBA concludes its successful participation in the BCBF

SBA concludes its successful participation in the BCBF

  The Sharjah Book Authority (SBA) concluded its participation in the Bologna Children’s Book Fair (BCBF) 2024, marking its commitment to fostering the publishing sector, libraries, and creative industries.  With a delegation comprising key cultural entities affiliated with SBA, including Al Qasimi Publications, the Department of Culture, Arab Children’s Book Publisher Forum, the Etisalat Award […]

11Apr
PublisHer Excellence Awards Winners Announced

PublisHer Excellence Awards Winners Announced

First-ever PublisHer Excellence Awards winners revealed at Bologna Children’s Book Fair   –          Winners of Lifetime Achievement, Emerging Leader, Innovation Awards announced –          PublisHer founder Bodour Al Qasimi commends the winners and nominees –          Winners selected by a professional jury following a six-month […]

04Apr
Philippine Book Festival Returns Bigger on April 25

Philippine Book Festival Returns Bigger on April 25

Mark your calendars because the 2nd Philippine Book Festival (PBF) is back, and it’s bigger than ever! From April 25 to 28, book enthusiasts can flock to the World Trade Center in Manila for a literary extravaganza featuring over 160 exhibitors. This event, organized by the National Book Development Board (NBDB), promises to bring together […]

Related Posts

PublisHer Excellence Awards Winners Announced

PublisHer Excellence Awards Winners Announced

First-ever PublisHer Excellence Awards winners revealed at Bologna Children’s Book Fair   -          Winners of Lifetime Achievement, Emerging Leader, Innovation Awards announced -          PublisHer founder Bodour Al Qasimi commends the winners and nominees -       ...

Philippine Book Festival Returns Bigger on April 25

Philippine Book Festival Returns Bigger on April 25

Mark your calendars because the 2nd Philippine Book Festival (PBF) is back, and it's bigger than ever! From April 25 to 28, book enthusiasts can flock to the World Trade Center in Manila for a literary extravaganza featuring over 160 exhibitors. This event, organized...

Nigerian Author’s Debut Novel Sparks Global Interest

Nigerian Author’s Debut Novel Sparks Global Interest

  Simon & Schuster imprints Summit in the US and Scribner in UK have acquired a first novel by a new Nigerian academic and writer, Nneoma Ike-Njoku. Entitled The Water House, it follows the journey of a young woman called Celia as she unravels the mystery...

Previous Next
Close
Test Caption
Test Description goes like this

Pin It on Pinterest