Rights Royalty Statement Standards: The Details Make the Difference

Sending and receiving royalty statements are key components of book industry supply chain communication. For those on the front lines of processing, sending, and receiving these statements, variations in how information is reported force an immense amount of scrutiny and follow-up to allocate revenues and accurately assess and analyze the financial success of any given publication. Rights and royalty professionals agree that an industry-wide accepted set of standards for royalty reporting would be helpful.
The BISG Rights Committee has tackled one aspect of this complex challenge. In 2023, BISG fielded a survey, the results of which reveal the case for creating royalty statement standards. In this webinar, Rights Committee Chair Kris Kleiman (Kliemann & Company) discussed the findings of the Rights Committee with Sebastian Ritscher (Mohrbooks Literary Agency) and Paul Gore (FADEL) before proposing a set of standardized fields as a suggested industry standard.