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This article provides an overview of the changing role of the library in scholarly publishing and the rising phenomenon of library-press collaboration. It examines, through a literature review and two case studies, how and why the library has taken on this new role in scholarly publishing and created partnerships with university presses. The case studies describe current library-press partnerships from the perspective of institutional context, publishing services, and respective roles and responsibilities. Authors also briefly discuss the possible future of the library-press partnership in scholarly publishing.