Asian Used Bookstore to Pay $1 Million US to Authors
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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.
I used to love to go to Bookoff and browse even though I couldn’t read much of what was there!
Interesting.
Wow, I’m amazed.
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.