Google has announced a settlement plan for the suits filed by the Association of American Publishers and the Authors’ Guild. From the Google Book Search site:
Today we’re delighted to announce that we’ve settled that lawsuit and will be working closely with these industry partners to bring even more of the world’s books online.Together we’ll accomplish far more than any of us could have individually, to the enduring benefit of authors, publishers, researchers and readers alike.
It will take some time for this agreement to be approved and finalized by the Court …
Publishers’ Weekly says Google will pay $125 million and institute a new licensing system as part of the settlement. Section 2.1 of the settlement agreement (pdf) details the settlement payments and licensing structure.