Scholastic Corporation Explained

Scholastic Corporation
Former Name:Scholastic Inc. (1981–2011)
Type:Public
Foundation:, in Wilkinsburg, Pennsylvania, U.S.
Founder:Maurice Robinson
Location:Scholastic Building
557 Broadway, New York City, New York 10012
Hq Location Country:United States
Products:Books, magazines, pre-K to grade 12 instructional programs, classroom magazines, films, television
Industry:Children's literacy and education
Divisions:Imprints and corporate divisions
Revenue: US$1.7 billion (2022)[1]
Num Employees:8,900 (2019)[2]
Traded As:NASDAQ:
S&P 600 Component

Scholastic Corporation is an American multinational publishing, education, and media company that publishes and distributes books, comics, and educational materials for schools, teachers, parents, children, and other educational institutions. Products are distributed via retail and online sales and through schools via reading clubs and book fairs. Clifford the Big Red Dog, a character created by Norman Bridwell in 1963, is the mascot of the company.

Company history

Scholastic was founded in 1920 by Maurice R. Robinson near Pittsburgh, Pennsylvania to be a publisher of youth magazines. The first publication was The Western Pennsylvania Scholastic. It covered high school sports and social activities; the four-page magazine debuted on October 22, 1920, and was distributed in 50 high schools.[3] In 1948, Scholastic entered the book club business.[4] In the 1960s, scholastic international publishing locations were added in England 1964, New Zealand 1964, and Sydney 1968.[5] Also in the 1960s, Scholastic entered the book publishing business. In the 1970s, Scholastic created its TV entertainment division. From 1975 until his death in 2021, Richard Robinson, who was the son of the corporation's founder, served as CEO and president.[6] In 2000, Scholastic purchased Grolier for US$400 million.[7] [8] Scholastic became involved in a video collection in 2001. In February 2012, Scholastic bought Weekly Reader Publishing from Reader's Digest Association, and announced in July 2012 that it planned to discontinue separate issues of Weekly Reader magazines after more than a century of publication, and co-branded the magazines as Scholastic News/Weekly Reader.[9] Scholastic sold READ 180 to Houghton Mifflin Harcourt in 2015. in December 2015, Scholastic launched the Scholastic Reads Podcasts. On October 22, 2020, Scholastic celebrated its 100th anniversary. In 2005, Scholastic developed FASTT Math with Tom Snyder to help students with their proficiency with math skills, specifically being multiplication, division, addition, and subtraction through a series of games and memorization quizzes gauging the student's progress.[10] In 2013, Scholastic developed System 44 with Houghton Mifflin Harcourt to help students encourage reading skills. In 2011, Scholastic developed READ 180 with Houghton Mifflin Harcourt to help students understand their reading skills. Scholastic Reference publishes reference books.[11]

Company structure

The business has three segments: Children's Book Publishing and Distribution, Education Solutions, and International. Scholastic holds the perpetual US publishing rights to the Harry Potter and Hunger Games book series.[12] [13] Scholastic is the world's largest publisher and distributor of children's books and print and digital educational materials for pre-K to grade 12.[14] In addition to Harry Potter and The Hunger Games, Scholastic is known for its school book clubs and book fairs, classroom magazines such as Scholastic News and Science World, and popular book series: Clifford the Big Red Dog, Goosebumps, Horrible Histories, Captain Underpants, Animorphs, The Baby-Sitters Club, and I Spy.Scholastic also publishes instructional reading and writing programs, and offers professional learning and consultancy services for school improvement. Clifford the Big Red Dog serves as the official mascot of Scholastic.[15]

Marketing initiatives

The Scholastic Art & Writing awards was Founded in 1923 by Maurice R. Robinson, The Scholastic Art & Writing Awards,[16] administered by the Alliance for Young Artists & Writers, is a competition which recognizes talented young artists and writers from across the United States.[17]

The success and enduring legacy of the Scholastic Art & Writing Awards can be attributed in part to its well-planned and executed marketing initiatives. These efforts have allowed the competition to adapt to the changing times, connect with a wider audience, and continue its mission of nurturing the creative potential of the nation's youth.

Imprints and corporate divisions

In 2005, Scholastic developed FASTT Math with Tom Snyder to help students with their proficiency with math skills, specifically being multiplication, division, addition, and subtraction through a series of games and memorization quizzes gauging the student's progress.[28] In 2013, Scholastic developed System 44 with Houghton Mifflin Harcourt to help students encourage reading skills. In 2011, Scholastic developed READ 180 with Houghton Mifflin Harcourt to help students understand their reading skills. Scholastic Reference publishes reference books.[29] [30]

Scholastic Entertainment

Scholastic Entertainment (formerly Scholastic Productions and Scholastic Media) is a corporate division[31] led by Deborah Forte since 1995.It covers "all forms of media and consumer products, and is four main groups – Productions, Marketing & Consumer Products, Interactive, and Audio." Weston Woods is its production studio, acquired in 1996, as was Soup2Nuts (best known for Dr. Katz, Professional Therapist, Science Court and Home Movies) from 2001 to 2015 before shutting down.[32] Scholastic has produced audiobooks such as the Caldecott/Newbery Collection;[33] Scholastic has been involved with several television programs and feature films based on its books. In 1985, Scholastic Productions teamed up with Karl-Lorimar Home Video, a home video unit of Lorimar Productions, to form the line Scholastic-Lorimar Home Video, whereas Scholastic would produce made-for-video programming, and became a best-selling video line for kids, and the pact expired for two years, whereas Scholastic would team up with leading independent family video distributor and a label of International Video Entertainment, Family Home Entertainment, to distribute made-for-video programming for the next three years.[34]

Filmography

Series

TitleYear(s)NetworkCo-production with
Voyagers! 1982–1983 James D. Parriott Productions and Universal Television (owner)
Charles in Charge 1984–1985
1987–1990
Al Burton Productions and Universal Television (owner)
Scholastic's Blue Ribbon Storybook Video 1986 Direct-to-video Nelvana and Karl-Lorimar Home Video (owner)
Clifford the Big Red Dog 1988 Nelvana
My Secret Identity 1988–1991 CTV (Canada)
Syndication (U.S.)
Sunrise Films (owner), MCA TV
Parent Survival Guide 1989
The Baby-Sitters Club 1990–1993 Amber Films, Ltd.
The Magic School Bus 1994–1997 Nelvana, South Carolina ETV
Goosebumps 1995–1998 Protocol Entertainment
Animorphs 1998–1999 Nickelodeon (U.S.)
YTV/Global (Canada)
Protocol Entertainment
Dear America 1999–2000
Clifford the Big Red Dog 2000–2003 Mike Young Productions
Horrible Histories 2000–2001 Mike Young Productions and Telegael
I Spy 2002–2003 The Ink Tank (season 1) and JWL Entertainment Productions (season 2)
Clifford's Puppy Days 2003–2006 Mike Young Productions (season 1)
Maya & Miguel 2004–2007
The Amazing Colossal Adventures of WordGirl (interstitial series) 2006–2007 PBS Kids Soup2Nuts
WordGirl 2007–2015 Soup2Nuts
Turbo Dogs 2008–2011 Kids' CBC (Canada)
Qubo (U.S.)
Smiley Guy Studios, Huhu Studios, CCI Entertainment (owner)
Sammy's Story Shop 2008–2009
Astroblast! 2014–2015 Soup2Nuts
The Magic School Bus Rides Again 2017–2021 9 Story Media Group and Brown Bag Films
His Dark Materials 2019–2022 BBC Studios, Bad Wolf (owner), New Line Productions
Clifford the Big Red Dog 2019–2021 9 Story Media Group, Brown Bag Films and 100 Chickens
Stillwater 2020–2023 Gaumont Animation
Puppy Place 2021–2022
Eva the Owlet 2023 Brown Bag Films
Goosebumps 2023–present Original Film, Stoller Global Solutions and Sony Pictures Television (owner)

Specials

TitleAirdateNetworkNotes
Mystery at Fire Island November 27, 1981
The Haunted Mansion Mystery January 8–15, 1983
The Magic of Herself the Elf July 30, 1983 Nelvana, Those Characters from Cleveland (owner)
The Great Love Experiment February 8, 1984 ABC
A Different Twist March 10, 1984 ABC
The Almost Royal Family October 24, 1984 ABC
The Exchange Student January 22, 1985 CBS
The Adventures of a Two-Minute Werewolf February 23-March 2, 1985 ABC
High School Narc December 4, 1985 ABC
Getting Even: A Wimp's Revenge March 19, 1986 ABC
The Incredible Ida Early May 29, 1987
Read Between the Lines June 3, 1987 ABC
Song City USA
More Song City USA
September 1989 Direct-to-video
Floor Time: Tuning In to Each Child 1990 Direct-to-video
Riding the Magic School Bus with Joanna Cole and Bruce Degen September 1992 Direct-to-video
The Very Hungry Caterpillar and Other Stories 1993 Direct-to-video U.S. version of The World of Eric Carle
Stellaluna 2002 Direct-to-video

Films

Release dateTitleNotes
July 14, 1995 The Indian in the Cupboard co-production with Paramount Pictures, Columbia Pictures, and The Kennedy/Marshall Company
August 18, 1995 The Baby-Sitters Club co-production with Columbia Pictures and Beacon Pictures
October 9, 1998 The Mighty co-production with Miramax Films
October 11, 2002 Tuck Everlasting co-production with Walt Disney Pictures and Beacon Pictures
February 20, 2004 Clifford's Really Big Movieco-production with Warner Bros. Pictures and Big Red Dog Productions
December 5, 2007 The Golden Compass co-production with New Line Cinema and Ingenious Film Partners
October 16, 2015 Goosebumps co-production with Columbia Pictures, Sony Pictures Animation, LStar Capital, Village Roadshow Pictures, and Original Film
October 12, 2018 co-production with Columbia Pictures, Sony Pictures Animation, Original Film, and Silvertongue Films
December 6, 2018 Mortal Engines co-production with Universal Pictures, MRC, Silvertongue Films, Perfect World Pictures, and WingNut Films
April 4, 2020 You're Bacon Me Crazy television movie; co-production with Bar None Productions
November 10, 2021 Clifford the Big Red Dog co-production with Paramount Pictures, Entertainment One, New Republic Pictures, and The Kerner Entertainment Company
May 17, 2024 Thelma the Unicorn co-production with Netflix Animation and BuzzFeed Motion Pictures

Book fairs

Scholastic Book Fairs began in 1981. Scholastic provides book fair products to schools, which then conduct the book fairs. Schools can elect to receive books, supplies and equipment or a portion of the proceeds from the book fair.[35]

In the United States, during fiscal 2023, revenue from the book fairs channel ($553.1 millions) accounted for half of the company's revenue in the "Total Children's Book Publishing and Distribution" segment ($1,038 million),[36] and schools earned over $210 million in proceeds in cash and incentive program credits.[37]

In October 2023, Scholastic created a separate category for books dealing with "race, LGBTQ and other issues related to diversity", allowing schools to opt out of carrying these types of books. Scholastic defended the move, citing legislation in multiple states seeking to ban books dealing with LGBTQ issues or race.[38] After public backlash from educators, authors, and free speech advocacy groups, Scholastic reversed course, saying the new category will be discontinued, writing: "It is unsettling that the current divisive landscape in the U.S. is creating an environment that could deny any child access to books, or that teachers could be penalized for creating access to all stories for their students".[39] [40]

Book clubs

Scholastic book clubs are offered at schools in many countries. Typically, teachers administer the program to the students in their own classes, but in some cases, the program is administered by a central contact for the entire school. Within Scholastic, Reading Clubs is a separate unit (compared to, e.g., Education). Reading clubs are arranged by age/grade.[41] Book club operators receive "Classroom Funds" redeemable only for Scholastic Corporation products.[42] [43] [44]

See also

Notes and References

  1. Web site: Scholastic Form 10-K Annual Report . Scholastic Corporation . 2017-04-17 . 2017-04-18 . https://web.archive.org/web/20170418162811/http://investor.scholastic.com/secfiling.cfm?filingID=866729-16-30 . live .
  2. Web site: Annual Report 2019 . PDF . 2020-02-28 . 2020-02-28 . https://web.archive.org/web/20200228064405/http://investor.scholastic.com/static-files/a4821ec7-6b98-4be2-9140-2f6742a56f21 . live .
  3. Web site: Neary. Lynn. 2013-07-15. How Scholastic Sells Literacy to Generations Of New Readers. 2021-05-04. NPR. en. 2021-05-04. https://web.archive.org/web/20210504004743/https://www.npr.org/2013/07/15/202373886/scholastic-reaches-a-new-generation-of-young-readers-online. live.
  4. https://www.scholastic.com/aboutscholastic/history/
  5. Web site: United States Securities and Exchange Commission Form 10-K Annual Report pursuant to section 13 or 15(d) of the Securities exchange Act of 1934, For the fiscal year ended May 31, 2002, Commission File No. 0-19860: Scholastic Corporation . 6, 7 . 2002 . 12 September 2015 . 4 March 2016 . https://web.archive.org/web/20160304052150/http://apps.shareholder.com/sec/viewerContent.aspx?companyid=ABEA-28S6DN&docid=1973771 . dead .
  6. Web site: Richard Robinson . Scholastic.com . June 6, 2021 . June 7, 2021 . https://web.archive.org/web/20210607033822/https://www.scholastic.com/aboutscholastic/dick-robinson/ . live .
  7. "French Plan to Sell Grolier", Publishers Weekly, 11/29/1999
  8. "Scholastic to Acquire Grolier", press release, Scholastic Inc., 4/13/2000.
  9. News: Scholastic to End Independent Publication of Weekly Reader . Bloomberg . 16 November 2012 . 2012-07-23 . 2012-07-31 . https://web.archive.org/web/20120731071954/http://www.bloomberg.com/news/2012-07-23/scholastic-to-end-independent-publication-of-weekly-reader.html . live .
  10. Book: Grodd, Wolfgang . ABSTRACT MATHEMATICAL COGNITION EDITED BY : Philippe Chassy and Wolfgang Grodd PUBLISHED IN : Frontiers in Human Neuroscience.
  11. Web site: READ 180: Evidence and Efficacy for Students with Disabilities and English Learners . 2024-03-08 . www.hmhco.com . en.
  12. News: Scholastic profit rises on Hunger Games sales. Reuters. 18 October 2012. 2012-07-19. 2016-03-06. https://web.archive.org/web/20160306155444/http://www.reuters.com/article/us-scholastic-results-idUSBRE86I0PE20120719?type=companyNews. live.
  13. News: J.K. Rowling launches Harry Potter book club online. Reuters. 18 October 2012. Patricia. Reaney. 2012-07-31. 2016-03-04. https://web.archive.org/web/20160304050734/http://www.reuters.com/article/books-harrypotter-bookclub-idUSL2E8IV8FI20120731?type=companyNews. live.
  14. Web site: Global Publishing Leaders 2018: Scholastic. Publishers Weekly. 2019-11-06. 2019-11-06. https://web.archive.org/web/20191106175957/https://www.publishersweekly.com/pw/by-topic/industry-news/publisher-news/article/78029-global-publishing-leaders-2018-scholastic.html. live.
  15. News: Croot . James . Clifford the Big Red Dog: Doggone it - this predictable canine caper disappoints . January 8, 2023 . Stuff . December 29, 2021 . en.
  16. News: Williams. John. 2017-09-20. Richard Robinson of Scholastic Honored for Lifetime of Work in Children's Publishing. en-US. The New York Times. 2021-03-30. 0362-4331. 2021-06-07. https://web.archive.org/web/20210607042645/https://www.nytimes.com/2017/09/20/books/richard-robinson-scholastic-literarian-award.html. live.
  17. Web site: Scholastic Art and Writing Awards Baltimore Office of Promotion & the Arts. 2021-07-08. www.promotionandarts.org. 2019-10-15. https://web.archive.org/web/20191015043519/http://www.promotionandarts.org/arts-council/scholastic-art-and-writing-awards. live.
  18. Web site: Welcome To Arthur A. Levine Books!. 2016-01-03. Arthur A. Levine Books!. 2016-01-09. https://web.archive.org/web/20160109062033/http://arthuralevinebooks.com/. live.
  19. Web site: Potter Publisher Predicted Literary Magic . NPR. 2018-04-05. 2018-05-31. https://web.archive.org/web/20180531125944/https://www.npr.org/templates/story/story.php?storyId=11935611. live.
  20. Web site: The Wizardly Editor Who Caught the Golden Snitch. The Washington Post. 2017-12-19. 2018-05-31. https://web.archive.org/web/20180531125944/http://www.washingtonpost.com/wp-dyn/content/article/2007/07/10/AR2007071002011.html. live.
  21. Web site: Harry Potter publisher leaves Scholastic. Alexandra. Whyte. Kidscreen. March 13, 2019. 2019-07-20. 2019-05-15. https://web.archive.org/web/20190515103606/http://kidscreen.com/2019/03/13/harry-potter-publisher-leaves-scholastic/. live.
  22. Web site: Graphix .
  23. Web site: Publishing Channel . www.scholastic.com.au . Scholastic Australia . 12 September 2015 . 25 June 2015 . https://web.archive.org/web/20150625050435/http://www.scholastic.com.au/corporate/channels.asp . live .
  24. Web site: Children's Press. 2022-07-16. 2017-06-17. https://web.archive.org/web/20170617042723/http://nacosonlinesupplierdirectory.com/company.php?id=58218&company=Children%27s+Press. live.
  25. 2024-03-12 . Scholastic to Invest in 9 Story Media Group, Expanding Opportunities for Production and Global Licensing of Scholastic IP . 2024-03-12 . Scholastic, Inc. . en-US.
  26. Web site: Vlessing . Etan . 2024-03-12 . Scholastic to Invest $186M in Animation Studio 9 Story Media . 2024-03-12 . The Hollywood Reporter . en-US.
  27. Web site: 21 June 2024 . Scholastic Closes Investment in 9 Story Media Group, Award-Winning Creator, Producer and Distributor of Premium Children’s Content . 9 Story Media Group.
  28. News: PR Newswire . April 7, 2005 . Tom Snyder Products Announces FASTT Math . .
  29. News: Hobbs . Nancy . December 27, 1996 . Under The Covers; Reviews Of Children's Books . . 2023-03-13 . https://archive.today/20230313053506/https://infoweb.newsbank.com/apps/news/document-view?p=WORLDNEWS&docref=news/100FD1B272579D90&f=basic . 2023-03-13 .
  30. News: Bookman . Julie . September 11, 1999 . Books for Kids: 'Wow' facts give young historians frame of reference - Family Pages . . https://archive.today/20230313053502/https://infoweb.newsbank.com/apps/news/document-view?p=WORLDNEWS&docref=news/0EADA4A3549A6698&f=basic . 2023-03-13 .
  31. Web site: deviated . Welcome . https://web.archive.org/web/20120411123140/http://www.scholastic.com/aboutscholastic/index.htm . 2012-04-11 . Scholastic Corporation . About Scholastic . 2012-04-20.
  32. Web site: dead . Media & The Mission . https://web.archive.org/web/20120420120800/http://www.scholastic.com/aboutscholastic/media.htm . 2012-04-20 . Scholastic Corporation . About Scholastic . 2012-04-20.
  33. Web site: dead . Weston Woods Caldecott/Newbery Collection . https://web.archive.org/web/20120423085645/http://www.scholastic.com/elt/listening_practice/ww_caldecottnewbery.htm . 2012-04-23 . English language teaching: listening practice . Scholastic Corporation . 2012-04-20.
  34. News: 1987-08-19 . Kidvid Forces Link To Attack Market . 47 . Variety.
  35. Web site: 2023 Annual Report, page 9 . investor.scholastic.com . 6 October 2023.
  36. Web site: 2023 Annual Report, page 56 . investor.scholastic.com . 6 October 2023.
  37. Web site: 2023 Annual Report, page 13 . investor.scholastic.com . 6 October 2023.
  38. News: Scholastic book fairs, a staple at U.S. schools, accused of excluding diverse books . Picchi . Aimee . . 17 October 2023 . 18 December 2023.
  39. News: Scholastic backtracks, saying it will stop separating diverse books for fairs in 2024 . Treisman . Rachel . . 25 October 2023 . 18 December 2023.
  40. News: Scholastic reverses decision to separate books on race, gender and sexuality . Horton . Adrian . . 25 October 2023 . 18 December 2023.
  41. Web site: Our Businesses . scholastic.com . 10 June 2021 . https://web.archive.org/web/20210607142001/https://www.scholastic.com/aboutscholastic/our-businesses/ . 2021-06-07.
  42. Web site: Terms & Services . scholastic.com . 10 June 2021 . https://web.archive.org/web/20210404072436/https://www.scholastic.com/site/classroomfunds/terms.html . 2021-04-04.
  43. Web site: Raise Classroom Funds . scholastic.com . 10 June 2021 . https://web.archive.org/web/20210428191225/https://www.scholastic.com/content/educators/en/classroom-funds/funds-marketing.html . 2021-04-28.
  44. Web site: FAQ: Raising Money for Your Classroom . Scholastic Corporation . . 10 June 2021 . https://web.archive.org/web/20210610040337/https://scholastic.force.com/scholasticfaqs/s/article/Raising-Money-for-Your-Classroom . Where can classroom funds be spent? Classroom Funds can be spent online only at Scholastic Book Clubs (clubs.scholastic.com) . 2021-06-10.