Strategic Intelligence: Publishing Sector Scorecard Q3 2024 Update

Strategic Intelligence: Publishing Sector Scorecard Q3 2024 Update

Summary

In Q3 2024, artificial intelligence (AI) remained in the headlines across the publishing industry. AI companies continued to pursue new partnerships with publishers to avoid copyright issues. For instance, AI start-up Prorata.ai reportedly got content licenses from publishers like the Financial Times and Axel Springer to use copyrighted content. Academic publishers like Wiley and Oxford University Press have also announced deals with tech companies. Despite these developments, copyright issues between tech companies and publishers are far from over.

Key Highlights

• Understanding the importance of AI in today’s business environment, some publishers, like S&P Global and Hearst, have started AI training initiatives for their employees, other professionals, and the public. On the other hand, publishers like Wolters Kluwer, Thomson Reuters, and Clarivate have introduced AI-powered tools to enhance their offerings and better serve clients.
• In addition to AI, investment in digital has also been on the roadmap for some major publishing companies. For instance, Scholastic created a new chief digital officer position to boost the company’s digital position.

Scope

• This sector scorecard provides a top-down, comprehensive outlook for the key players in the publishing sector over the next two years, based on the key themes set to transform their industry landscape.

Reasons to Buy

• Companies that invest in the right themes become success stories. Those that miss the important themes in their industry end up as failures.
• GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
• At GlobalData, we have developed a unique thematic methodology for ranking all major companies in all major sectors based on their relative strength in the big themes that are impacting their industries.
• Our thematic engine tags over 180 million data items across six alternative data sets-patents, jobs, deals, filings, social media, and news-to themes. The vast datasets within our thematic engine help our analysts to produce sector scorecards that identify the companies best placed to succeed in a future filled with multiple disruptive threats.