Thursday, October 30, 2008

Google Settles Book Lawsuits For $125 Million

I found this rather interesting.....

Google will pay $125 million to settle two lawsuits with authors and publishers. The settlement effectively gives the company the go-ahead to digitize millions of in-copyright books and other written materials in U.S. libraries participating in Google Book Search.

Subject to approval by the U.S. District Court for the Southern District of New York, the agreement - reached after two years of negotiations - resolves a class-action lawsuit brought by book authors and the Authors Guild, as well as a separate lawsuit filed by five large publishers as representatives of the Association of American Publishers (AAP).

Under the settlement, Google will make payments totaling $125 million which will be used to establish the Book Rights Registry, to resolve existing claims by authors and publishers, and to cover legal fees.

Holders worldwide of U.S. copyrights will be able to register their works with the Book Rights Registry and receive compensation from institutional subscriptions, book sales, ad revenues and other possible revenue models, as well as a cash payment if their works have already been digitized.

Thank you Kirkbank for this article.

"The Constitution only guarantees the American people the right to pursue happiness. You have to catch it yourself."---Benjamin Franklin

Lovin Life, Truth Is


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