University of California system strikes landmark open-access deal with Springer Nature

“The deal aims to make all UC system research published in participating Springer Nature journals immediately available to the public to read. The open-access agreement shifts how the UC system pays to access and publish research. Instead of UC institutions paying for employees and students to read research in Springer Nature journals, UC institutions will pay for their researchers to publish openly in these journals by default, removing paywalls for everyone. 

Open-access publishing in hybrid journals, which publish both paywalled and open-access research, requires an article processing charge, which is typically a few thousand dollars per article. The UC system intends to pay these charges through a multipayer model that shares costs between libraries and research funds secured by individual researchers….”