“The shift to digital delivery of serials content has had a profound effect on the information ecosystem” but not on pricing models report Stephen Bosch and Kittie Henderson in their LJ article, New World, Same Model: Periodical Pricing Survey 2017. “Most publishers have explored new ways of pricing their content—such as population served, FTE (full-time equivalent), tiered pricing based upon Carnegie classification, or other defining criteria—or the database model, which treats all content within an e-journal package as a database, eliminating the need for title by title reconciliation. However, in the end, the pricing conversation always seems to circle back to the revenue generated by the annual subscription model.” Here’s what the authors forecast:
The 2018 serials marketplace will continue to see steady price increases, with no indicators that this will change. Drivers in the marketplace, such as budget compression, currency fluctuation, OA, government mandates, shifts in the global political climate, new assessment and evaluation tools, and alternating patterns of the distribution of information offered by research platforms and social networks have not changed the fundamentals of the business models, and serials price inflation remains constant. Publisher and vendor consolidation will continue, and libraries will actively manage their portfolios to get the biggest return for their dollars. Annual price inflation has hovered in the 6% range since 2012. As in previous years, the 6% average price increase seen in 2017 is expected to be much the same for 2018. The mature market seems to have found the 5%–6% equilibrium a rate of increase that neither libraries nor publishers like but with which both can work.