Educational textbooks provider, Pearson, are planning on discarding physical textbooks in favour of technology.
Students will now only be able to rent physical textbooks which will be updated far less frequently than the new e-textbooks that can be bought.
The move comes after Pearson CEO, John Fallon, stated: “Over half our annual revenues come from digital sales, so we’ve decided a little bit like in other industries like newspapers or music or in broadcast, that it is time to flick the switch in how we primarily make and create our products.”
Pearson have been struggling to make money from physical textbooks after students are opting to rent second-hand textbooks to save money.
The firm will only update 100 of its 1,500 titles next year. Having digital books over physical books means that readers will be able to view videos and other people’s comments as it will be online. It will allow them to update the content more frequently.
“There will still be textbooks in use for many years to come but I think they will become a progressively smaller part of the learning experience,” Mr Fallon said.
It’s also been suggested that people will easily be able to engage with each other about the e-books if it is all digital. Fallon stated: “We learn by engaging and sharing with others, and a digital environment enables you to do that in a much more effective way.”
Although it seems like a good idea that Pearson is turning more technology based, there are fears that a subscription service will detrimentally affect authors like how Spotify affects musicians. Mr Fallon has said that this won’t be the case stating that there would be “a more sustainable income over time”.