Here's an excerpt from the press release:
This new author service offers the option of making articles freely available upon publication. Brill Open enables authors to comply with research funding bodies and institutions which require open access.
The Brill Open option will be available for all 135 journals published under the imprints Brill, Martinus Nijhoff and VSP. Articles will be put in online open access in exchange for an article publishing fee to be arranged by the author.
Sam Bruinsma, Brill's Business Development Director, explains:"We are launching this new service in answer to a growing number of research funding bodies and universities announcing their compliance with the open access model. With Brill Open our journals are ready to meet the expected increase in contributions under this model."
In order to ensure that authors' funder requirements have no influence on the editorial peer review and decision-making, Brill Open will be made available to authors only upon acceptance of their paper for publication. Those authors who do not wish to use this service will be under no pressure to do so, and their accepted article will be published in the usual manner.
Brill's strategic intent is to adjust the future subscription price of a journal to reflect an increase in Brill Open fees. Sam Bruinsma comments: "Our view on open access developments is positive. We accept that over time an increasing part of our revenues will come through this new model. This will have an impact on the revenues from our library subscription service. The combination of these two business models will continue to support a healthy and sustainable journal program attractive to the best authors in the field."