Under a new agreement, LYRASIS will license e-resources for participating ARL libraries.
Here's an excerpt from the press release:
On November 18, 2011, the Association of Research Libraries (ARL) and LYRASIS signed an agreement designating LYRASIS as an agent to negotiate licenses for online content on behalf of interested ARL member libraries. This is the culmination of an effort that began in 2010 to identify a strategy for ARL to influence the marketplace regarding licensing rights, technical specifications, and business terms to meet the needs of research libraries.
This activity has involved task forces, the Reshaping Scholarly Communication Steering Committee, and the ARL Board. The initial task force drafted a white paper outlining the potential areas of action that ARL could take and content that could be considered, and a second task force developed an RFP that went to prospective agents. The Board approved the recommendations, RFP, and agent decision. The license offerings identified for this initiative will not be exclusive to ARL members, but may include libraries with which they have established licensing relationships.