Core Insights - Clarivate Plc has announced a new subscription-based content access strategy aimed at providing broad, simple, and affordable access to trusted scholarly content for libraries, enhancing research, teaching, and learning goals [1][4] Industry Trends - The purchasing models for academic content by institutions have evolved, particularly post-pandemic, with libraries facing complex buying models that do not meet their needs for curricula and research [2] - There is a growing reliance on AI-powered chatbots for discovery among students and researchers, which necessitates access to vetted academic content [3] Company Strategy - Clarivate's new strategy includes phasing out one-time perpetual purchases of digital collections and books, transitioning to subscription models throughout 2025 in collaboration with libraries [6] - The introduction of ProQuest Ebooks and ProQuest Digital Collections aims to provide extensive access to high-quality scholarly resources, including over 700,000 Ebooks and 160 million primary source items [5][8] Product Offerings - The ProQuest Ebooks subscription includes multidisciplinary scholarly Ebooks and a new Ebook Central Reader app for enhanced accessibility [8] - The ProQuest Research Assistant is designed to help students and researchers utilize academic AI responsibly, with plans for expansion to support ProQuest Digital Collections [8] Commitment to Libraries - Clarivate emphasizes its commitment to working closely with libraries and publishers to meet the evolving needs of the academic community [9]
Clarivate Unveils Transformative Subscription-Based Access Strategy for Academia