Did Less Than 10% Of Access Copyright's Income Go To Authors Last Year?
from the for-the-authors! dept
Access Copyright, the copyright collection society that collects money from universities for people copying written works, has been somewhat controversial. Even putting aside its silly attempt to claim a trademark on the © symbol, it's also been looking to increase its fees massively (over 1,000% in some cases). Michael Geist has been digging in on some of the numbers behind Access Copyright (something the non-profit does not make easy, since it appears to obfuscate the money flow), and appears to have worked out that less than 10% of the money it brings in goes to authors. You can read his methodology at the link, where there are some important caveats, including some money that's being held back until the results of a lawsuit are worked out. However, it does seem quite eye opening to find out that the group brought in $33.7 million last year, and only about $3.1 million of that went to authors directly, while $8.7 million went to administrative expenses. Kinda makes you wonder who Access Copyright is really representing.