Google announces a settlement with The Authors Guild and the Association of American Publishers. The $125 million agreement is the result of two years of negotiations.
The bulk of the money will be funneled through a new non-profit, the Book Rights Registry. Copyright holders can register to receive cash from future book sales (!!!) and ad revenues and a cash payment if Google has already scanned the book.
I hope and pray for the Book Rights Registry to include a 'print on demand' feature for out-of-print books. I loath paying some dealer 5x or 10x over the cover price with nothing going to the author.
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