Royalty Statements don't have to be time consuming; we can create insights and free up time to increase licensing and revenue. Join BISG's Rights Royalty Standards Working Group(opens in a new window) in their work to streamline royalty statements, unlock efficiency, and establish standards that minimise the need to chase information. The Book Industry Study Group (BISG(opens in a new window)), a nonprofit trade association for the US book industry, brought together a diverse group of stakeholders—including the agenting community, international co-agents, system vendors, publishing rights managers, and experts from both the US and the UK — to publish a proposed standard in May 2024.
The working group is now focused on creating definitions of, and listing synonyms for, the components of this standard. These definitions will inform the industry, help standardise information exchange, and increase uptake of the standard by all parties to royalty-based translation rights contracts and would welcome your support. A meeting will be held during Frankfurt Buchmesse on Friday, October 17, from 11am to noon in Conference Room Encounter (Hall 5.0). Our virtual working group meetings, held monthly until October 2025, are open for participation. We welcome anyone interested in contributing their time and expertise to the finalisation and adoption of these standards. Please express your interest by writing to info@bisg.org(opens in a new window).
