For nearly two decades, librarians have been noting and writing about transformational change in collection development and subsequently predicting future directions for libraries in terms of building digital collections. This paradigm shift caused by the incorporation of more and more electronic resources into existing library collections and the profound impact on collection development decisions by this incorporation were predicted by many authors in the library literature. Through a literature review and a survey, transformation of traditional print collection development and acquisitions as they are impacted by academic libraries' movements toward collections in electronic formats were investigated.