The Book Deal: Territorial Rights
Most people think of book deals as just that: a author gets paid by a publisher to publish his/her book. But it is a little more complicated than that. The book deal is a negotiation that includes, not just how much the author will get paid, but also what “subsidiary rights” will be granted to the publisher for exploitation. There are numerous revenue generating opportunities when you write a book. They include: right to license in the English Language in the UK and other English speaking countries, translation rights, audio rights, e-book rights, sale of abridgements, magazine excerpts, movie/tv/performance rights, merchandise spin-off rights, and many more. All book deals include negotiations of which of these sub-rights are being granted to the publisher and what will be the revenue split between publisher and author.
Today we will talk about territory rights. These are important deal points…
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