Brian Tibbetts is a literary agent with MacGregor Literary. Every Wednesday, Brian posts about trends in the publishing industry and developments in technology that impact the industry. You can find him on Twitter @BRIANRTIBBETTS
This week in Publishing & Technology we’ll be talking about about the slow, incremental growth of open access monographs in the world of academic publishing and how that business model could maybe have a positive impact on trade publishing in the future. According to a study published in May of this year by Publishers Communication Group (PCG), a marketing and sales consulting firm that exists as a division of the publishers services company Publishing Technology, “publishers and libraries are increasingly experimenting with Open Access (OA) books…with funding derived from a variety of sources including library budgets.” For the entire survey report on the PCG website click here.
The fact that OA books are slowly gaining in importance in the world of academic publishing, especially in the area of monographs, is not a tremendous surprise, working directly with academics to produce works with an all but guaranteed (if comparatively small) market, effectively cutting out the middleman, seems like a proverbial no-brainer. But, as the report goes on to state, “librarians and publishers perceive the benefits of the OA books movement differently,” with librarians advocating deeper institutional involvement while academic publishers “fear unrealistic funding expectations…vanity publishing, and the inevitability of institutional mandates.” Sound at all familiar? Understandable? I’m sure opinions will vary depending upon perspective. I am left wondering though. Could Open Access book publishing gain any traction in the trade market? And, if so, what would that look like?