The value of the big deal has declined. Will libraries drive down its price — or help publishers prop up its value?
Libraries and legacy publishers are in an unholy embrace. They need not love each other to feel they should stick together.
Professional societies are facing growing resistance to place their publications in libraries. This results in these societies seeking arrangements with the largest commercial publishers, whose sway with libraries and especially library consortia is significant. Libraries have demonstrated a clear preference to work with the larger publishers over the smaller ones. This leads to increasing concentration and market power in the academic publishing industry.