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Book rental companies having a subscription-based models where a monthly or periodic subscription fee is charged and members can rent a number of books based on the subscription. Book rental companies taking a fraction of book cost as rent. This is the most prevalent model in textbook and college book renting.
The website launched to offer textbook rentals for less than the retail price. BookRenter expanded its operation by partnering with over 500 college bookstores by setting up a virtual rental store on their own websites. In 2010, it reportedly served 6 million students on over 5,000 campuses in the US. [4] [5]
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Entrance to the Half Price Books Northwest Highway, the corporate headquarters, on E. Northwest Highway in Dallas, Texas Half Price Books in Berkeley, California. Founders Ken Gjemre (1921-2002) and Pat Anderson opened the first store in 1972 in a former laundromat in Dallas, Texas, filling the shelves with 2,000 books out of their personal libraries. [5]
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[31] [32] It is estimated Cengage has 24% of the market while McGraw-Hill has 21%, Pearson, the current market leader, has about 40 percent of the market and Wiley has about 7 percent. [33] The merger was called off on May 1, 2020. [34] In August 2021, Cengage rebranded as Cengage Group. [citation needed]
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