Quote of the Day - When you sell a man a book, you don't sell him 12 ounces of paper and ink and glue - you sell him a whole new life.
The Author's Guild will host an event tonight at 6:30 p.m. at the Hyatt Regency Century Plaza in Century City for its members to meet and greet, as well as explain the mechanics of its settlement with Google over alleged copyright violations for scanning and making available copyrighted books. Not all members agree with the settlement, believing instead that copyrights are meant to be shared, so it should be a lively disussion. Look for me tonight - I'll be the guy with the closely-cropped, almostly-grey beard.
The settlement promises to get ad revenue funds from Google into the hands of publishers and authors. For out-of-print authors, the settlement is a boon - they will receive 100% of the publisher/author split. Google will retain 37% of the revenue and the Book Rights Registry will take a small fee, with the rest split 65% to the author and 35% to the publisher for in-print books. Some $125 million will reportedly be distributed by Google to authors and publishers.
For in-print books, both the publisher and the author must agree in order to allow Google to scan the book and make it searchable. Out-of-print authors can also opt-out by going to the Book Registry. MIPTC's book, How to Get Sued, is not scanned by Google because Kaplan Publishing (well, and me too) wants you to buy it from a bookseller or online, say at Amazon.