These facts might be a consequence of the increased availability of e-resources. In 1999–2000, 105 ARL university libraries spent almost $100 million on electronic resources, which is an increase of nearly $23 million from the previous year. A 2003 report by the Open E-book Forum found that close to a million e-books had been sold in 2002, generating nearly $8 million in revenue. Another example of the shift to digital libraries can be seen in Cushing Academy's decision to dispense with its library of printed books—more than 20,000 volumes in all—and switch over entirely to digital media resources.