In the world of publishing, “subsidiary rights” refer to all the exploitations of a book beyond its initial publication as a physical book or ebook. Think of it as all the different ways your book can be reborn and reach new audiences!
What are subsidiary rights (sub rights) ?
Essentially, they are the rights to reproduce, distribute, or adapt a book in different formats or mediums. These rights are often licensed by the publisher (with the author’s consent and often a share of the profits) to third parties.
Why they matter (Benefits of sub rights)
- New revenue streams: Beyond the initial book sales, subsidiary rights can generate additional income for both the author and the publisher.
- Increased exposure: Different formats reach different audiences, expanding the book’s reach and potentially boosting sales of the original edition.
- Enhanced book’s value: A book with strong subsidiary rights potential is often seen as more valuable by publishers.
Common examples
- Foreign language translations: Licensing the rights to translate and publish the book in other languages.
- Audiobooks: Creating an audio version of the book, read by a narrator.
- Film and television adaptations: Optioning the book for a movie or TV series.
- Dramatic rights: Allowing the book to be adapted for the stage.
- Serial rights: Publishing excerpts or installments in newspapers or magazines.
- Merchandising rights: Creating products based on the book, like t-shirts, mugs, or games.
Keep in mind
It’s important to remember that subsidiary rights are often negotiated as part of the publishing contract. Authors and publishers need to clearly understand who controls these rights and how any revenue generated will be shared.