As you might know, subsidiary rights (which include merchandising and audio rights) are an important part of a traditional publishing contract. Yet most authors are so focused on the advance and other financial details that they forget about those other rights (audiobooks, foreign sales, merchandise, etc.).
Often, the publisher sells those rights to third parties—or never exercises them at all. Once that contract is signed, the author is at the mercy of whatever the publisher decides to do for any rights he or she did not negotiate to keep. Continue reading “Don’t Forget About Subsidiary Rights in Your Publishing Contract”