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.