Buying and selling book rights can be a lucrative, revenue-generating business. When you buy book rights, you get to publish the work of a foreign author in your own market and gain access to specialist content that may be unavailable from local authors—such as content in business, medicine, and many other subjects. Buying book rights is also a clever way to build your list of publications more quickly, and hopefully, publish more profitably. When you sell book rights, on the other hand, you earn revenue not only for your publishing house but also for your author—on top of the income you get from the sales of the edition your house first released. Selling book rights enhances the author’s reputation and helps you maintain the author’s loyalty to the publishing house. This also puts you on the map as a strong international player.
It is important to find the right avenues where you can buy book rights and grow the list of publications you release. There are online resources you can turn to for finding and previewing titles and content that match your criteria, which you can then purchase the rights to. These websites simplify and streamline buying and selling of book rights and give you access to thousands of titles with unreserved rights from different countries and originally published in different languages. The same websites allow you to sell book rights for titles so you can generate more revenue.
Interestingly, a number of foreign markets—including the UAE, Turkey, and Tunisia, among many others—have national funds that support the purchase as well as the translation of foreign books and corresponding rights. Below are interesting facts about different countries and markets you can explore as you consider buying and selling book rights online:
- Since 2010, China has acquired rights to more than 13,000 foreign books each year.
- 17 percent of titles that are published in Finland were first published in foreign markets and languages.
- 75 percent of ALL Dutch books that are published in the Netherlands were originally released in other languages.
- Books originally published in the US are among the most sought after when it comes to rights transactions, with more than 8,000 individual rights sold to one country each year.
- Russia translates and publishes 14,000 books annually.
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