MIT Press plans to release much of spring slate open access

"The MIT Press, one of the world’s largest university presses, plans to publish its entire slate of spring 2022 monographs and edited collections on an open-access basis. The move is a major development for the larger open-access movement and a model that scholars and librarians say could be revolutionary for cash-strapped libraries, university presses and a dwindling number of humanities scholars.

The plan relies on commitments from more than 160 libraries and consortia whose pledges allowed MIT Press to reach 50 percent of the participation threshold it set against its three-year target. The press has extended a deadline for further commitments from additional institutions to June 30, 2022. MIT Press leaders say enthusiasm for its Direct to Open (D2O) effort, launched in April, has been so strong that they intend to share a white paper in January describing how the model works so other university presses can replicate it.

Amy Brand, director of MIT Press, calls D2O a much-needed alternative to traditional market-based scholarly business models. Monograph sales today are typically in the range of 300 to 500 units, down from 1,500 to 1,700 units per title in the 1990s, meaning that publishing now demands internal subsidies from institutions or philanthropies. Much of this downward trend in purchasing was driven by the increase in scientific journals and the high percentage of acquisition budgets they now account for, Brand said. The desire among librarians to buy digital copies of monographs has only further eroded the sales numbers...."