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The Journal of Visualized Experiments, an OA video journal, has converted to subscriptions. The journal continues to offer a hybrid OA option. No official announcement has been posted, but the news has been confirmed in comments by JoVE editors Moshe Pritsker here and Nikita Bernstein here.
From Pritsker, CEO and Editor-in-Chief:
... The reason is simple: we have to survive. To cover costs of our operations, to break even, we have to charge $6,000 per video article. This is to cover costs of the video-production and technological infrastructure for video-publication, which are higher than in traditional text-only publishing. Academic labs cannot pay $6,000 per article, and therefore we have to find other sources to cover the costs. ...
From Bernstein, CTO and Web Developer:
... We've been trying to get universities to subscribe to us, but nobody seems to be taking us seriously and, given our situation, being free is just not sustainable. However, we are now discussing how to best provide a good blend of access and subscription. For example, authors definitely should have access to their own articles. ...
The new publication fees are $500 per article for closed access or $2,000 per article for OA. Additional fees apply for production assistance from JoVE. No information about waivers or discounts is available, or any information about reducing subscription prices based on uptake of the OA option.
See also our past posts on JoVE.
Update. See also coverage at The Scientist:
Update. See also this announcement from UK PubMed Central: