"The SCOAP3 proposal is a valuable opportunity to create a viable alternative to the status quo in scholarly publishing for one entire discipline. It aims to reach consensus among all stakeholders on a new model for publishing in high-energy physics, and establish market equilibrium. The proposal is currently supported by ~100 U.S. libraries, either directly or through consortia, and by the Canadian Research Knowledge Network, on behalf of all Canadian libraries, as well as libraries, consortia and funding agencies in 18 other countries in Europe, the Middle East and Australasia."
From SCOAP3's April 12 news entry:
On April 6th 2011 representatives from institutions in the global SCOAP3 partnership convened to assess the progress of this Open Access initiative.Posted by stemp003 at April 14, 2011 11:47 AM
Large publishers in the field, APS, Elsevier, IOPp, SISSA and Springer, shared their opinions on the SCOAP3 model and their intention to participate in a SCOAP3 tender aiming to convert to Open Access the high-quality peer-reviewed literature in the field, conditional on reassurances concerning the long-term sustainability of SCOAP3. SCOAP3 partners reaffirmed the importance of a mutual understanding with the publishing industry on price reduction of large subscription packages for partner libraries in countries that are part of the initiative. All presentations, transcripts and videos are available on the SCOAP3 web site.