28 October 2008

Not involved, but interested

The Wall Street Journal has an article by Lauren Pollock about Google's lawsuit:
Google Inc. will pay $125 million under a settlement to resolve lawsuits challenging the Internet search giant's plan to digitize, search and show snippets of in-copyright books without the explicit consent of the copyright owner. The pact, which is subject to the approval of a New York federal court, will resolve a 2005 class-action lawsuit brought by book authors and the Authors Guild and a separate case filed the same year by five publishers - McGraw-Hill Cos., Pearson PLC's Pearson Education Inc. and Penguin Group (USA) Inc., John Wiley & Sons Inc., and CBS Corp.'s Simon & Schuster Inc.
If approved, the agreement would expand online access to millions of in-copyright books and other written materials from the collections of libraries participating in Google Book Search - a project intended to make millions of books searchable via the Web - while also compensating copyright owners for allowing online access to their works.
Google's $125 million payment will be partially used to establish a Book Rights Registry under which holders of U.S. copyrights can register their works and receive compensation from institutional subscriptions, book sales and ad revenues. The settlement will also be used to resolve existing claims by authors and publishers and to cover legal fees.
Rico says he doubts that Google would ever digitize his books, but he'll take his piece of the $125 million if they do... (And he'll take your money now, thank you; click the link and go buy one or two.)

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