Subsidiary rights are the rights that a copyright holder has to license their work for use in other media. These rights are typically divided into five categories: motion picture rights, stage rights, radio and television rights, merchandising rights, and electronic rights.
The purpose of licensing subsidiary rights is to generate additional revenue from a work that has already been created. For example, a author may sell the motion picture rights to their book to a film studio. This allows the author to continue to earn money from their work even after it has been published.
Subsidiary rights can be a valuable asset for authors and publishers. By licensing these rights, they can earn additional income that can help offset the costs of publishing a book. In some cases, the revenue from licensing subsidiary rights can even exceed the royalties earned from book sales.
When licensing subsidiary rights, it is important to consult with an experienced attorney to ensure that the rights are properly protected. Otherwise, the author or publisher may not be able to fully benefit from the sale of these rights.
Subsidiary rights can be a great source of additional income for authors and copyright holders, but they can also be a complicated and confusing area of the publishing industry. If you’re thinking about licensing your work for use in another medium, it’s important to do your research and understand the terms of the deal you’re entering into.
Subsidiary rights are an important part of the publishing industry, as they can provide additional revenue streams for publishers and authors. For example, publishers may sell the film rights to a book, or the foreign rights. Authors may also sell the rights to their work to be used in merchandising, such as t-shirts or mugs. These rights can be very valuable, and so it is important for authors and publishers to understand the ins and outs of the subsidiary rights market.