Fall-out continues after SWETS demise

Fall-out continues after SWETS demise

Changes to the system of early pre-payments to journals subscription agents by libraries is one likely outcome of the SWETS bankruptcy.

Before its demise in September, SWETS was the second largest subscription agent in academic publishing behind US firm EBSCO, aggregating journals subscriptions for library customers across a range of publishers.

Although SWETS' annual turnover was euros 550m, the amount of money owed to creditors is just euros 35m, with around euros 10m of that subject to a guarantee, because its bankruptcy happened before 2015 subscriptions had been sent out. The damage ...

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