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Google had already signed up a $125 million settlement with Author’s Guild (they have problems with Kindle 2 as well) to pay authors for scanning copyrighted works and putting them up on the Web with Google Book Search. Today Google initiated its Google Book Settlement site to enable authors to submit their claims and become a part of the settlement. This would provide authors and other rights holders to grab $60 for every scanned book as one time payment. This will enable Google to display parts of these books in search results and let users preview as much as 20% of the work. Along with that it will also be able to place ads on pages, with 63% of the revenue generated going to the rights holders. The deadline to make a claim is till January 5, 2010.

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