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FT unveils the future

By James Mullan

Further to announcements by Lexis Nexis from the 1st of April 2008 Financial Times Content will only be available via third party applications if you have a content licence from the Financial Times, the reasoning behind this is as follows, with more information on their website;

"As third party channels multiply, we want to ensure a fair and transparent means of delivering our valuable content. We're also concerned that the current practice of bundling many sources of content with the cost of third party services does not reflect the fair value of the content we create."

So what does this mean for any organisation that currently acceses FT Content via a third party, for instance Lexis Nexis?

Well if you're an Academic Library then the situtation wont change as this change only affects the Corporate Market. If you work in a Law Firm Library then you may want to review the FAQ's on the their website.

This is an interesting move by the FT and only time will tell whether they will achieve their stated goal which is to work more closely with their clients.

Full post as published by The BIALL Blog on November 15, 2007 (boomark / email).