$1.5bn Anthropic Settlement Approved

Summary by AI BETAClose X

Bloomsbury Publishing PLC has been approved as a beneficiary of a $1.5 billion settlement with Anthropic, related to AI models trained on unpurchased content. The company will receive payments starting in the second half of the financial year for 14,087 titles, with an estimated $3,000 per work to be split between author and publisher, after fees. This news comes as Bloomsbury held £29.2 million in net cash as of February 28, 2026, with capital allocation focused on organic investment, debt reduction, dividends, and acquisitions.

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Bloomsbury Publishing PLC
22 July 2026
 

 

BLOOMSBURY PUBLISHING PLC 

("Bloomsbury" or "the Company")

 

$1.5bn Anthropic Settlement Approved

 

The US District Court has formally approved the settlement of $1.5bn in the class action of Bartz et al vs. Anthropic pertaining to Anthropic training its AI models on content it had not purchased. Bloomsbury confirms that it is among the beneficiaries of the Anthropic settlement and will receive settlement spread over several payments estimated to start in the second half of the financial year.

The Court has listed 14,087 Bloomsbury titles as within the settlement and the proposed settlement is for about $3,000 for each work (less attorney fees and other expenses as described in the court document in the link below) to be divided equally between the author and the publisher.

Bloomsbury had £29.2m net cash as at 28 February 2026. Bloomsbury's capital allocation priorities are organic investment, debt repayment to reduce interest costs, dividend payments and bolt-on acquisition opportunities.

Please see court document:   https://lunch.publishersmarketplace.com/wp-content/uploads/2026/07/SettlementApproval.pdf

 

 

For further information, please contact:

Bloomsbury Publishing Plc


Tamsin Garrity, Group Investor Relations Director

tamsin.garrity@bloomsbury.com 

Hudson Sandler


Dan de Belder / Emily Brooker

bloomsbury@hudsonsandler.com 

 

 

Disclaimer

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