Authors, publishers agree on rights

From Publishing News:

An agreement to improve the distribution of secondary rights royalties between publishers and authors has been made between the Publishers Licensing Society and the Authors Licensing and Collecting Society. Authors stand to benefit significantly from the formal agreement, which contains terms for the next five years, and will increasingly recognise writers’ contributions to magazines, serials and academic journals.
Jane Carr, CEO of the ALCS said, “This agreement provides a sound foundation for writers and publishers to work together to raise awareness and improve the understanding of the benefits of copyright and respect for creativity. Along with publishers, writers must be recognised and rewarded for the economic contribution they make to the ‘knowledge economy’.”