This document summarizes the Cambridge Open Metadata project. The project aims to release Cambridge University Library's bibliographic records as open data in various formats like XML, RDF, and JSON. The goals are to drive innovation, provide value for taxpayer money, and promote the library's collections. Key activities include converting records to RDF, adding subject headings from external sources, and determining appropriate open licenses for records from different vendors. The project hopes to make more of the library's data reusable and help non-library developers build new tools and services.