Publisher JournalPortfolio GrowthSome (more) sustainable options?Jason Price. PhDInterim Director / ConsultantClaremont Colleges Library / SCELC (consortium)Oxford Univ Press LAC, Oxford UK - 9 May 2013
What do libraries want?PREDICTABILITY!The best possible price?
Key Predictability Principles• Think about increases on a percentagebasis rather than an absolute basis• For consortia - Distribute costs asbroadly and evenly as possible - % ofcurrent spend…• Separate transferred subscription cost“increases” from real increases*
Model A for greater predictabilityTakeover fee = scaled addition to theannual price increase % (API aka „price cap‟)e.g. given an API of x% Takeover fee is andadditional fee of1-5 titles = +.5%6-10 titles = +1%11-15 titles = +1.5%, etc.With an exception for major acquisitions
Model B - A more complex &less predictable alternativeTakeover fee = scaled % of acquired titlelist price (e.g. match to % of list price eachlibrary pays for the full package)This could simplify to (and rationalize?)model A if acquisitions can average arounda consistent and reasonable target
Some benefits & challengesof these modelsBenefits• Greater predictability(A)• Fewer libraries &consortia opting not tomaintain the fullcurrent collectionChallenges:• Society Royalty ModelsIssues:• Legacy-based• Too much emphasis ontakeover title list price?(B)
If publishers want to continue togrow their journal packages…• Offering two big deal packages (one fixed & onegrowing) may be a reasonable compromiseAfterthoughts
Packages are promoting the endof individual subscriptions• subscribed vs unsubscribed titles within apackage have lost their meaning in a FullCollection Post cancellation access world• Some libraries still want to track them forhistorical budget reasons• Societies still receive royalties based onhistorical subscription lists that no longer reflectthe relative value of titles to the library• Future conversations should include librariansand editors / society representativesAfterthoughts