A royalty system will also be set up to compensate authors and publishers for access to their works via the creation of the Registry. Revenue will come from institutional subscriptions, book sales and ad-revenue sharing.
This Registry, whose board of directors will be made up of an equal number of author and publisher representatives, will also locate and register copyright owners, who in turn have the option to request to be included in or excluded from the project.
A big portion of Google's $125 million payment will go towards funding the Registry, while the rest will be used to settle existing claims by authors and publishers and to cover legal fees.
The Authors Guild declined to comment for this article.
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