Rights Royalty Statement Standards

Sending and receiving royalty statements are key components of book industry supply chain communication. For those on the front lines of processing, sending, and receiving these statements, variations in how information is reported force an immense amount of scrutiny and follow-up to allocate revenues and accurately assess and analyze the financial success of any given publication. Rights and royalty professionals agree that an industry-wide accepted set of standards for royalty reporting would be helpful.

The BISG Rights Committee has tackled one aspect of this complex challenge: they will share their findings and propose a set of standardized fields—a suggested industry standard—in this webinar. Rights Committee Chair Kris Kliemann, in conversation with book industry experts in rights and royalties, will share the results of a 2023 survey fielded by BISG. These results reveal the case for creating royalty statement standards. This webinar will discuss how: 

• Improving the process for statement ingestion and analysis can lead to increases in revenue in several ways
• Less time spent on statements means more time spent on new deals and new markets
• The ease of analysis results in tools that can improve current and future negotiations
• At the most basic level, errors and inaccuracies can corrected in real time

We hope you join us for the release of the BISG Rights Committee's Royalty Statement Standards. Further details and speakers TBA soon!