Three years ago, the Authors Guild, the Association of American Publishers and a handful of authors and publishers filed a class action lawsuit against Google Book Search.
Yesterday, that lawsuit was settled. Google will now be working closely with these industry partners to bring even more of the world's books online. Together Google and the publishers will accomplish far more than any of them could have individually, to the enduring benefit of authors, publishers, researchers and readers alike.
Google has agreed to pay $125 million to start the Book Rights Registry, resolve legal fees from the 3-year-old lawsuits, provide more access to out-of-print books, compensate authors for unauthorized use of their work and find new ways to sell copyrighted books online.
The settlement is subject to approval by the U.S. District Court for the Southern District of New York.
To read more about the settlement, click here.