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Author Income Streams, 2 of 15: Rights Sales
Rights sales refer to primary and secondary rights (pre- and post-publication, respectively, in a traditional author contract) sold to an individual, organization, or business for their own commercial development. These are such things as:
- Reprint rights
- The right to produce different versions of a title (e.g., audiobooks or an illustrated edition)
- Foreign language rights
- Merchandising rights
- Audio rights
- Television rights
- Film rights
It also includes options sales — the right to buy a right within a certain time frame.
Here are other important things to know and to consider if/how they affect you and the monetization possibilities for your content.
Subsidiary rights agents
For most who are traditionally published, the publisher will have/should have salespeople who handle rights sales. Self-published and hybrid-published authors can manage rights sales themselves or arrange with a subsidiary rights agent or firm to represent them in such deals.