Senators Thom Tillis (R-NC) and Patrick Leahy (D-VT) introduced the Strengthening Measures to Advance Rights Technologies Copyright Act of 2022, or SMART Copyright Act. The legislation “would hold tech accountable by developing effective, widely-available measures to combat copyright theft,” a release states. Currently, the law states that internet service providers and content-sharing companies like YouTube don’t have to pay for copyright theft on their platforms if they “worked with copyright owners to create effective standardized technical measures (STMs) to identify and protect against distribution of stolen content.” To date, no STMs exist. The proposed act would allow for flexibility in creating […]
Archives for March 2022
Join Literary Agent/Author Kristin van Ogtrop on Wednesday’s Discuss
Author and literary agent Kristin van Ogtrop will do a guest AMA online at this Publishers Marketplace link Wednesday, March 23 at noon Eastern. Kristin joined InkWell Management in 2018 after a decade as an InkWell client. To participate in Discuss, just sign in and use the “reply” button to type your questions or comments, and Kristin will post back.
People 3/18
Lane Jantzen, vice president, director of sales, Penguin Random House publisher sales, will retire in May.
Scholastic Fairs Regain Some Ground
Scholastic reported earnings for the fiscal third quarter ended February 28, with sales of $345 million, up 24 percent or $67 million from last year, though still behind the $373 million recorded two years ago. The recovery was driven predominantly by their book fairs, with sales back up to $76 million, versus just $27 million last year, and $100 million in 2020. They held approximately 70 percent of the pre-pandemic number of fairs. The seasonal operating loss excluding one-time items was $(16.7) million, compared to a loss of $(11.9) million a year ago, due to higher labor costs and, in […]