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Asian Used Bookstore to Pay $1 Million US to Authors

The growing used book market in Japan has generated alot of complaints from organizations such s the Copyright Network for Comic Authors in the 21st Century. Readers of DA know that the only way an author makes money is off the sale of a new book. Used books, promotional copies, and the like don’t generate even a penny of royalty for an author.

In response to the complaints, Bookoff Corporation, Japan’s largest UBS chain, has offered to pay $1 Million US to the Copyright Network. Japan has a first-sale doctrine like the US so this sound like a goodwill offering rather than a legal obligation. Bookoff had revenues of $460 Million in the recent fiscal year.

Via animenewsnetwork.

Jane Litte is the founder of Dear Author, a lawyer, and a lover of pencil skirts. She spends her downtime reading romances and writing about them. Her TBR pile is much larger than the one shown in the picture and not as pretty. You can reach Jane by email at jane @ dearauthor dot com

3 Comments

  1. Amy
    Apr 03, 2008 @ 10:30:37

    I used to love to go to Bookoff and browse even though I couldn’t read much of what was there!

    Interesting.

    ReplyReply

  2. Sherry Thomas
    Apr 03, 2008 @ 12:05:31

    Wow, I’m amazed.

    ReplyReply

  3. Kaz Augustin
    Apr 03, 2008 @ 19:30:39

    Hey Sherry, am reading “Private Arrangements” at the moment. Just wanted you to know that I’m enjoying it thoroughly. Isn’t the cover sixty shades of gorgeous? And congratulations on snagging an agent and publishing contract.

    ReplyReply

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