Library Coalition agreement with Elsevier results in lower costs, greater access - Odessa American

"All TLCUA members will receive a discount on journal subscriptions–some as high as 30%–while still maintaining significant amounts of access to journals and combined, will realize a savings of over $4.75M annually. Beyond initial cost savings, Elsevier agreed to a maximum annual increase of 2% over the course of the license agreement, with some years as low as 0%, which is significantly lower than industry standard. TLCUA and Elsevier have agreed to partner on a pilot project to revert ownership of journal articles back to original authors—and not just those at TLCUA-member institutions. Currently, authors transfer copyright of their work in exchange for that work being published. This pilot will provide for rights to go back to authors after a period of time that will be collaboratively determined with Elsevier. A subset of Elsevier journals will be chosen to study the impact of the copyright reversion pilot for authors and its applicability more broadly to STEM (scientific, technical, engineering and medical) publishers, the release said...."