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The oligopoly’s shift to open access: How the big five academic publishers profit from article processing charges
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The oligopoly’s shift to open access: How the big five academic publishers profit from article processing charges
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Journal Article
The oligopoly’s shift to open access: How the big five academic publishers profit from article processing charges
2023
Overview
We aim to estimate the total amount of article processing charges (APCs) paid to publish open access (OA) in journals controlled by the five large commercial publishers (Elsevier, Sage, Springer Nature, Taylor & Francis, and Wiley) between 2015 and 2018. Using publication data from WoS, OA status from Unpaywall, and annual APC prices from open data sets and historical fees retrieved via the Internet Archive Wayback Machine, we estimate that globally authors paid$1.06 billion in publication fees to these publishers from 2015–2018. Revenue from gold OA amounted to $ 612.5 million, and$448.3 million was obtained for publishing OA in hybrid journals. Among the five publishers, Springer Nature made the most revenue from OA ($ 589.7 million), followed by Elsevier ( $221.4 million), Wiley ($ 114.3 million), Taylor & Francis ( $76.8 million), and Sage ($ 31.6 million). With Elsevier and Wiley making most of their APC revenue from hybrid fees and others focusing on gold, different OA strategies could be observed between publishers.
Publisher
MIT Press Journals, The,The MIT Press
Subject
