Microsoft to Buy Nook? Insider Monkey’s “Highly Placed Source” Challenges TechCrunch’s “Internal Documents”
Barnes & Noble’s digital future seems cloudier than ever as a new story is contradicting reports that Microsoft wants to buy Nook Media.
For those keeping score, it’s TechCrunch citing “internal documents” that Microsoft is offering $1 billion for the division versus Insider Monkey claiming a “highly placed source inside Microsoft” says it has no plans to acquire Nook Media.
Which source to believe? Beats us, but maybe a little information about the sources will help.
Reports that Microsoft is offering Barnes & Noble $1 billion for its Nook ebook business raises questions about the fate of the only remaining national chain bookseller and about the future of digital book selling.
Since TechCrunch broke the story last week, citing leaked internal documents, pundits have widely speculated that Microsoft is interested in acquiring Nook content, but will kill the device business.
Here’s a clip from last week’s phone-in seminar with Anita Fore, Authors Guild Director of Legal Services, on the basics of understanding and negotiating contracts with both traditional book publishers and stand-alone ebook/POD publishers. The clip (about 15 minutes) focuses on traditional book contracts:
Members are welcome to contact us for a link to the full-length audio of the 60-minute seminar and a handout that accompanies Anita’s talk. (Not a member? Join up! You must be a published author to join, but many self-published authors now qualify for membership.)
The Guild is hosting additional phone-in seminars for members this week and next:
Magazine Contract Issues (Wednesday, April 24th)
Anita Fore will discuss several clauses freelancers should be aware of when negotiating magazine agreements. Sign up here.
Authors’ Statutory Right to Terminate Publishing Contracts After 35 Years (Wednesday, May 1st)
Paul Aiken, Authors Guild Executive Director, will explain the rules governing publishing contract terminations under Section 203 of the Copyright Act. Sign up here.
A group of large U.S. publishers agreed to drop their lawsuit against Google over its mass-digitization of millions of copyright-protected books. In a press release issued this morning, the Association of American Publishers and Google said that the terms of the settlement are confidential and won’t need court approval. The parties did lift the covers off the deal a bit, saying publishers “can choose to make available or choose to remove their books and journals digitized by Google.” The statement does not say whether Google is compensating publishers for its unauthorized uses of the books, nor does it address whether Google will continue scanning books without permission. The press release acknowledges that the settlement doesn’t affect the authors’ class-action lawsuit against Google.
“The publishers’ private settlement, whatever its terms, does not resolve the authors’ copyright infringement claims against Google,” Authors Guild executive director Paul Aiken said in a statement. “Google continues to profit from its use of millions of copyright-protected books without regard to authors’ rights, and our class-action lawsuit on behalf of U.S. authors continues.”
The press release follows.