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Clarivate's Revolutionary Subscription Access Strategy for Academia

In a significant move for academic institutions, Clarivate Plc (NYSE:CLVT), recognized as a leading provider of transformative intelligence, has recently unveiled a subscription-based access model designed to foster greater affordability and accessibility of scholarly resources. This initiative aims to address the evolving challenges faced by libraries in providing essential materials required for research, teaching, and learning.

Breaking Down Barriers to Academic Content

Over the years, institutional purchasing strategies for acquiring books, journals, and other academic content have evolved, particularly in the context of the ongoing effects of the COVID-19 pandemic. Academic libraries are now confronted with complex purchasing models that may not effectively cater to their requirements, resulting in the necessity for sustainable solutions priced affordably. Clarivate's new approach is set to eliminate these obstacles, ensuring that libraries can provide their users with reliable resources.

Bar Veinstein, President of Academia and Government at Clarivate, stated, "We recognize that libraries are increasingly looking for solutions that enable broad access to academic content without imposing financial burdens. Through our transformative subscription model, we aim to facilitate learning and research while reinforcing the vital role libraries play in maintaining academic integrity."

A Dual Product Offering: Addressing Diverse Needs

Clarivate's new strategy encompasses two key products that merit special attention:

1. ProQuest Ebooks: This offering is a leader in its sector, presenting the world's largest subscription of high-quality multidisciplinary scholarly ebooks. Key features include:
- Access to over 700,000 ebooks spanning 10 core disciplines, along with critical interdisciplinary titles to fulfill the demands of diverse faculty and student bodies.
- Introduction of the Ebook Central Reader app, enabling users to read and bookmark texts effortlessly while on the move.
- Launch of the Ebook Central Research Assistant, an AI-driven tool aimed at enhancing learning experiences and streamlining research processes.

2. ProQuest Digital Collections: This product is characterized by its unmatched breadth, value, and access to primary sources across various formats:
- It encompasses a massive repository of over 160 million primary source items, complemented by more than 2,500 full-text scholarly journals, 24,000 video titles, and 15 million audio track selections.
- The subscription leverages over 30 years of expertise in digitizing primary sources, providing access to numerous unique and rare resources across nine discipline categories including Anthropology, Global Studies, History, and Performing Arts.

Furthermore, the ProQuest Research Assistant will continue to guide students and researchers in utilizing academic AI responsibly, ensuring their dependence on reliable scholarly content.

Transitioning to a New Era of Access

As part of this new access model, Clarivate will phase out the longstanding practice of one-time perpetual purchases of both digital collections and print materials aimed at libraries. This strategic transition is expected to unfold throughout 2025 and will occur in close collaboration with customer libraries. This pivotal shift acknowledges the changing demands in the academic sector and aligns with contemporary trends promoting subscription-based access.

Bar Veinstein remarked, "Our commitment to innovation positions us at the forefront of a new era in how educational institutions and their users access and engage with scholarly content. By fostering tighter collaboration with libraries and publishers, we can effectively address the evolving challenges the academic community faces."

Conclusion

Clarivate's new subscription-based access strategy is poised to enhance the academic landscape significantly. By prioritizing broad, simplified access to trusted scholarly materials, the organization not only supports libraries but also empowers educators and researchers in their quest for knowledge, ultimately reinforcing the foundation of academic integrity and excellence across institutions. For more details about the new offerings, please visit Clarivate's website or consult their dedicated support page.