Download the latest browser below to get the best possible experience. Since , when Scholastic published its first collection, Saplings, the company has continued to release award-winning and bestselling books, ranging from beautifully-rendered titles for tots to gripping reads that captivate global audiences. Today, Scholastic publishes more than new titles a year, including hardcover, paperback, and novelty books.
The list of authors and illustrators is brimming with names you know—and names you should! Rowling, Raina Telgemeier to Peter H. Sutherland, Ann M. Martin, and R. Stine, Scholastic publishes authors and titles diverse in thought, theme, and age range. As the American publisher of the Harry Potter series, which has sold million copies in the U. Drawing from the diverse Scholastic publishing program, Scholastic Audio creates superior unabridged audiobooks that bring to life the heart and soul of each book.
Students and their families are empowered to choose the books they will love to read from monthly catalogs, and teachers are rewarded with free books and resources—all delivered directly to their classrooms.
Robinson, saw an opportunity to build on the strong relationship with teachers the company had fostered through its classroom magazines. Since then, over the past 70 years, Scholastic Book Clubs has expanded to include print and digital monthly flyers offering the very best books published by Scholastic, and all publishers, at excellent values. The monthly flyers are crafted by age, grade, reading, and interest level. From newly-released books and bestsellers to award-winning titles and perennial favorites, every book is hand-selected by Scholastic experts based on characters and subjects that kids love and want to read about.
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Are you a boss or just an employee with a title? The problem? People who are excellent in a highly skilled job get promoted to management. Channels Thought Leadership. It resulted in a television series, home videos, CD-ROMs, and consumer products, as well as its own Web site and fan club. The Baby-sitters Club Movie was released in and then on video in In July R. Stine's popular Goosebumps series debuted. Book publishing contributed 66 percent of revenue and 91 percent of net income.
Sales of the company's 28 school magazines were growing at a slower pace. The company's payroll grew 20 percent to 3, employees at a time when many other media companies were downsizing. In Scholastic was moving toward multimedia and interactive products as well as television programming.
Scholastic was releasing one Goosebumps title a month, usually with a first printing of , copies. The company also was focused on building its educational publishing, with several states adopting its new instructional programs. It was expanded to cover grades K-6 and was supplemented by Scholastic Math Place, launched in April ; in Scholastic introduced Scholastic Literacy Place in English and Spanish-language versions.
This elementary language arts core curriculum program was adopted by many major school districts and endorsed for use by U. Department of Defense Schools. Movie and television projects were becoming a growing part of Scholastic. Scholastic licensed some 40 consumer products related to The Magic School Bus series, ranging from clothing to toys, to partners such as Hasbro and Sega. The company co-produced the movie, The Indian in the Cupboard, which was released by Paramount in the summer of , as was The Baby-sitters Club Movie.
The Goosebumps series was launched on Fox television in the fall of Between and Scholastic had enjoyed tremendous sales and income growth, with sales increasing percent and net income rising percent. By the growth had slowed, and the company found it necessary to make staff reductions and eliminate some operations to achieve a profitable fiscal The company undertook several cost-cutting and restructuring measures.
In addition, the company closed unprofitable magazines and its French operation, improved productivity at its Jefferson City, Missouri, distribution facility, and began subleasing 40, square feet of office space in New York City. It also consolidated four instructional units into one division. For declining sales from the Goosebumps series resulted in a decrease in retail sales.
With Goosebumps titles in the market and million copies in print, Scholastic was trying to lessen its dependence on the series. It recently had launched two new series, Animorphs and Dear America.
Licensing revenues from Goosebumps made Scholastic Productions highly profitable. Fox Network ordered another 24 episodes for For , 13 episodes of The Magic School Bus series would be completed for a total of 52 shows. Animorphs was being adapted for television, with 13 shows set to air on Nickelodeon during Scholastic also was exploring emerging markets through its subsidiaries in Mexico, India, and Hong Kong.
After announcing it would extend its agreement with Parachute Press to publish and manage licensing of Goosebumps, Scholastic became involved in a legal dispute with Parachute Press. In another legal matter, three class action suits relating to the sharp downturn in the company's stock in were consolidated into one lawsuit.
The plaintiffs charged that the company made misleading statements about its earnings before announcing on February 20, that it would have a huge loss in the third quarter. Faced with a need to improve profitability, Scholastic rebounded in fiscal The sale included Home Office Computing and Small Business Computing, along with an online site and a custom publishing division.
Scholastic's management deemed these to be noncore assets. With the acquisition Scholastic planned to increase the number of parent-teacher-run book fairs as early as fall EBS is a technology-based reading motivation, management, and assessment system designed for use in schools. It utilized computer-based tests on popular, high-quality books and provided a method of recognizing and rewarding students for reading achievement. The company showed continued revenue growth and profitability in early Scholastic's future growth will be fueled by the so-called Millennial Generation, some 70 million children under the age of As a result, educational spending by government was growing significantly for the first time since the s.
Parents also were spending more for their children's educational materials, while children themselves were spending money on entertainment. Scholastic was positioned to reach these children in school, on the Internet, through television and movies, and at home. Principal Subsidiaries: Scholastic Inc.
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