In a lengthy hearing, the Second Circuit Court of Appeals in New York heard oral arguments in the Internet Archive’s appeal of a lower court finding that their copying and lending of digital copies of books (through their invented practice of Controlled Digital Lending) infringes copyright. In his ruling, District Court Judge John Koeltl found “no case or legal principle supports that notion. Every authority points the other direction.” In keeping with Judge Koeltl’s ruling, which was rooted in opinions from the Court of Appeals in such significant cases as Google Books, Hathi Trust, and ReDigi, the three-judge panel appeared […]
Archives for June 2024
The New List For June 28
Our bestseller list The New List tracks hot new releases based on Circana Bookscan data. With lists updating on Fridays, we’re bringing you highlights weekly in Lunch, along with the complete fiction and nonfiction hardcover lists. These are the highlights for Friday, June 28. The Hardcover fiction list this week is topped by Red Sky Mourning by Jack Carr, its first week on the list. Last week’s top title, Swan Song by Elin Hilderbrand, fell to No. 2. The summer’s big commercial books continue to hold many of the top spots, including Eruption by Michael Crichton and James Patterson. New to the […]
Lagardere Returns As CEO Following Partial Lifting of Ban
Following a judicial appeal, there was a “partial lifting of the management activities ban imposed on” Arnaud Lagardère, as he faces criminal charges of “vote buying, abuse of power and breach of trust, disseminating false or misleading information and failure to publish accounts.” As a result, he has resumed his position as chair and ceo of Lagardere SA.
People 6/28
Booktopia to Remain In Limbo Until Late July or Later
Struggling Australian retailer Booktopia announced that it expects to remain in financial limbo until late July or beyond. After suspending trading of its stock in the middle of June while the company seeks new financing and/or credit as “necessary for the company’s continued financial viability,” the company has been extending its own deadline further and further out. Now, the company tells the Australian Stock Exchange, it does not expect to have news regarding “the additional funding it is seeking” until July 19. The only progress reported is that “due diligence has been undertaken by some of these parties [suppliers and […]
Webtoon Stock Prices At Top End, Rises Further
Webtoon Entertainment’s IPO priced at the top of its indicated range earlier this week, issuing 15 million shares at $21 a share, yielding gross proceeds of $315 million. The company receives another approximately $50 million from a private placement of additional shares to parent company Naver. In NASDAQ trading, the stock rose above the initial offering price, this morning priced at about $24 a share.