The following is a comment from Maria A. Pallante, President and CEO, Association of American Publishers:
“We are extremely pleased that the district court has approved the proposed consent judgment. As we have stated before, it is an appropriately serious bookend to a decisive finding that so called “controlled digital lending” is nothing more than copyright infringement.”
see more at: https://publishers.org/wp-content/uploads/2023/08/Hachette-v.-IA-Consent-Judgement-and-Permanent-Injunction-Subject-to-Reservation-of-Right-to-Appeal.pdf
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Wiley, one of the world’s largest publishers and a global leader in research and learning, today announced a new 5-year open access agreement with the Jean and Alexander Heard Libraries at Vanderbilt University, beginning on January 1, 2024. This transformative agreement will provide Vanderbilt University affiliates with access to Wiley’s complete journal portfolio and enable participating researchers to publish research in Wiley’s complete portfolio of nearly 2,000 hybrid and gold open access journals, including those published by Hindawi, starting January 1, 2024.
Customers that couldn't get a physical copy of Michael Wolff's Fire and Fury were in good company. According to figures from NPD BookScan, the hottest book of the year sold 28,567 print copies in the three days it was available for sale last week (ended January 7). BookScan covers 80- 85% of all print sales, excluding those through libraries. Although the figure is surprisingly low for a book that has captured the attention of the media and the President in such striking fashion, that number was still enough to make the White House tell-all the top-selling title in the country last week. John Sargent, CEO of Holt parent company Macmillan, told the Wall Street Journal that Fire and Fury had a 150,000-copy first printing. The discrepancy between the announced first printing and last week's sales is likely, in part, the result of Holt moving the book's publication date up, from January 9 to January 5. Shipments of the book that were timed to hit stores early this week may have been on the road over the weekend. Click Read More below for additional information.
• Adobe achieved record quarterly revenue of $1.84 billion in its third quarter of fiscal year 2017, which represents 26 percent year-over-year revenue growth.
• Diluted earnings per share was $0.84 on a GAAP-basis, and $1.10 on a non-GAAP basis.
• Digital Media segment revenue was $1.27 billion, with Creative revenue growing to $1.06 billion.
• Digital Media Annualized Recurring Revenue (“ARR”) grew to $4.87 billion exiting the quarter, a quarter-over-quarter increase of $308 million.
• Adobe Experience Cloud achieved revenue of $508 million, which represents 26 percent year-over-year growth.
• Operating income grew 48 percent and net income grew 55 percent year-over-year on a GAAP-basis; operating income grew 43 percent and net income grew 46 percent year-over-year on a non-GAAP basis.
• Cash flow from operations was $704 million, and deferred revenue grew to approximately $2.20 billion.
• The company repurchased approximately 2.1 million shares during the quarter, returning $298 million of cash to stockholders. Click Read More below for additional detail.