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Abstract
In 2017, the Book Industry Study Group (BISG), a U.S.-based trade association dedicated to improving the efficiency and effectiveness of the book industry supply chain, published Publishing Rights: An Untapped Opportunity. The white paper outlined six findings from an industry survey. Since then, BISG’s rights committee extended that initial research by updating a draft taxonomy for rights transactions. The new taxonomy defines rights data, transactions requests, transactions licenses, and royalty data. The taxonomy is being tested now in a set of pilot agreements between trading partners. Benefits of the proposed taxonomy are expected to include lower transaction costs, fewer errors in rights tracking and sale, and improved turnaround times for rights inquiries. Information about the work may be obtained by writing to info@bisg.org.
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