Subsidiary rights are a vital aspect of modern publishing, offering significant benefits in terms of revenue, reach, and brand development. For authors and publishers, effectively managing these rights can lead to greater success and sustainability in the competitive world of books. Understanding and leveraging subsidiary rights can transform a single publication into a multifaceted product with global appeal.
When I started managing the rights department at Ooligan Press about a year ago, I took on one of our first major projects: acquiring the rights to nine different French science fiction short stories for an anthology. It was an ambitious enterprise, but the previous managers did all of the legwork for setting it up. They found a French professor at our university who already had the idea for the anthology and agreed to translate (with the help of a few others); all that was left to do was find the owners of the rights to each story and acquire them for the anthology.
Book fairs and literary festivals are both important events in the publishing world, but is there a difference between these two literary exhibitions? Before learning more about publishing and becoming the rights manager at Ooligan, I had always assumed they were interchangeable.