Scholastic Corporation
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- Scholastic Corporation (NASDAQ: SCHL) publishes and distributes children's books, educational materials, and media content worldwide, serving schools, teachers, parents, libraries, and young readers from pre-K through grade 12. The company operates through key segments including Children's Book Publishing and Distribution, which encompasses trade publishing of bestselling titles and series such as Harry Potter, The Hunger Games, Captain Underpants, Dog Man, Clifford the Big Red Dog, Goosebumps, The Baby-Sitters Club, Wings of Fire, and Graphix graphic novels; Book Clubs and Book Fairs that provide curated selections of print and digital books directly to schools; Education Solutions offering classroom magazines like Scholastic News and Science World, literacy programs, instructional technology, professional development services, and resources aligned with curriculum standards; Entertainment producing award-winning animated series, films, audiobooks, and consumer products including Clifford the Big Red Dog, The Magic School Bus Rides Again, and Eva the Owlet; and International operations publishing original trade books and educational materials in over 135 locations across Canada, the UK, Australia, New Zealand, and other regions. Founded in 1920 by Maurice R. Robinson in Wilkinsburg, Pennsylvania, and headquartered at 557 Broadway in New York, New York, Scholastic holds perpetual U.S. publishing rights to major franchises and maintains a multi-channel distribution network via retail, online, schools, and libraries, positioning it as the world's largest publisher and distributor of children's books. In recent developments, Scholastic completed a $186 million investment in March 2024, acquiring 100% economic interest and a minority voting stake in 9 Story Media Group, a leading Canadian children's animation producer, with the transaction closing in the first quarter of fiscal 2025 to enhance media production and IP expansion across screens and merchandising; this contributed to a 2% revenue increase to $1.625 billion in fiscal 2025. Additionally, in May 2025, the company announced a strategic reorganization effective June 1, 2025, integrating its Trade Publishing, Book Fairs, and Book Clubs divisions into a new Children's Book Group under Executive Vice President Sasha Quinton to streamline operations, maximize IP value, and expand reach through cohesive publishing, distribution, and media pathways. In September 2025, Scholastic launched Scholastic TV, a free streaming app featuring its entertainment content for children aged 2-12, available on major platforms.
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