Indiana University Libraries and its partner libraries have received a total of $931,000 from two Mellon Foundation grants.
Here's an excerpt from the announcement:
The first of these grants provides $750,000 to the IU Libraries and Northwestern University Library to support continuing development of the Avalon Media System, an open-source software product designed to help libraries and archives provide long-term online access to audio and video collections for primarily academic audiences. . . .
The second of these grants, providing $181,000 to the IU Libraries and the University of Michigan Library, is a key component in a range of investigations underway to analyze the viability of alternative sustainable financial models for university presses and other nonprofit book publishers.