This is part of a series of profiles detailing the experiences of institutions that have unbundled or canceled big deal journal contracts. The aim of the series is to provide insights, lessons learned, and inspiration to libraries to consider a similar move.
MIT leaders describe the experience of not renewing its largest journal contract as overwhelmingly positive. MIT has long tried to avoid vendor lock-in through big deal contracts and, in 2019, maintained individual title-by-title subscriptions to approximately 675 Elsevier titles. In 2020, they took the significant step of canceling the full Elsevier journals contract – all 675 titles – leaving users with immediate access to only pre-2020 backfile content. Since the cancellation, MIT Libraries estimates annual savings at more than 80% of its original spend. This move saves MIT approximately $2 million each year, and the Libraries provide alternative means of access that fulfills most article requests in minutes.
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