From the press release:
Springer is expanding its open access offering to all disciplines. . . within the science, technology and medicine (STM) fields and will be offered in cooperation with BioMed Central. The entire content of SpringerOpen journals – including research articles, reviews, and editorials – are fully and immediately open access, and are accessible to anyone with an internet connection. No subscription is needed. . . .
SpringerOpen journals are e-only journals. Springer is committed to delivering high-quality articles and ensuring rapid publication as with its traditional journals, from online submission systems and in-depth peer review to an efficient, author-friendly production process. The final articles are not only published in a timely manner on Springer’s online information platform SpringerLink, but are also distributed to archives such as PubMed Central and to institutional repositories as requested.
SpringerOpen journals are published under the Creative Commons Attribution license, which facilitates the open distribution of copyrighted work. According to this license, Springer will not reserve any exclusive commercial rights. The journals ask the authors to pay an article-processing charge, in accordance with market standards. . . .