Publishing Rights: An Untapped Opportunity is a report based on a survey created and analyzed by BISG’s Rights Committee. A few of the committee's key findings are:
The importance of rights transactions is growing
Failure to collect rights revenue is an ongoing problem
More than half of those surveyed were “currently missing out on meaningful rights revenue”
Paper-based workflows and reporting remain costly and ineffective
Confusion about who controls rights has grown worse
Rights holders and rights buyers are looking for technology and workflow solutions
This report was prepared to inform senior publishing executives in operations, finance and rights management who are looking to understand the business opportunities around rights or considering investments to improve the efficiency and effectiveness of their rights management activities. Its content is based on a survey conducted by the Book Industry Study Group (BISG) to better understand the opportunities and challenges related to rights management.
The report also provides members of the U.S.-based rights and royalties community with a path forward for studying and resolving issues. In the second half of 2017, BISG’s Rights Committee plans additional work, including a vendor survey and a two-hour program on “The Business of Rights”. Details are provided in the closing section.
The survey results and their implications are the first of several steps that BISG and its Rights Committee are taking in 2017 to advance discussion of the opportunities, challenges and options to improve rights and royalty management. The committee is currently working to compile information about the capabilities of a range of solutions providers, and a two-hour program is planned for September 2017. These and other initiatives are discussed in the final section of this paper.