What Does the Google Book Search Settlement Mean for the Industry?
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AAP President and CEO Pat Schroeder told Book Business Extra that the decision to establish a Book Rights Registry will create a key business model and, in turn, a new cash flow for publishers. The registry—to be made up of a board of directors comprised of publishing and author representatives—will monitor compensation for both parties. Google will pay $125 million as part of the deal—with money going to set up the registry, as well as pay the publishing litigants' legal fees.
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- Companies:
- Association of American Publishers
- Places:
- U.S.
Peter Beisser
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