Quote:
Originally Posted by DMcCunney
One bit not mentioned here: as part of the deal, Google is contributing $125 million to the creation of a Book Rights Repository.
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Actually...not exactly, apparently. I was talking last night to someone who works in the copyrights clearance business, and he said that the settlement document was so complex that all the reporters got it wrong. According to him, the $125M is to be divided into four pots: the first two pots going to the lawyers of the publishers and of the Authors Guild. The rest is to be divided between creating that rights repository and compensating publishers and authors whose copyrights have (arguably) been violated.
That's the story as I understand it.
I'm just starting to read this thread, so sorry if someone has already pointed this out.