October 30, 2008
Google Pays $125m to Settle Copyright Suits
Google has settled several copyright suits with the publishing consortium Association of American Publishers and the Authors Guild, clearing the way for the company to provide online access to copyrighted books.
Under terms of the settlement, which is subject to approval by the US District Court of New York, the company has agreed to pay $125m that will be used to set up a book registry to resolve existing claims by authors and publishers, and cover legal fees.It said the deal will expand Google Book program allowing consumers to search and buy books online and give US libraries free access to the database. It will allow copyright holders to register their works and receive payment for book sales and subscriptions. Revenue generated from online book sales and advertisements will be split between Google, the publishers, and the authors.
Sergey Brin, co-founder and president of technology at Google, said: "Google's mission is to organize the world's information and make it universally accessible and useful. Today, together with the authors, publishers, and libraries, we have been able to make a great leap in this endeavor."