BISG Calls for Proposals to Assess Rights Management ROI
Sunday, April 26, 2020
Posted by: Brian O'Leary
Over the past decade, BISG's Rights Committee has actively pursued research that would help book publishing improve revenues, lower costs, and promote understanding of growth opportunities in rights and royalties management. Committee efforts include a white paper, Publishing Rights: An Untapped Opportunity, published in 2017, and the release last fall of a draft taxonomy for describing rights and royalties.
Pilot projects to test that taxonomy are under way, with results expected later this year. In the meantime, BISG is issuing a call for proposals to conduct a market survey and assessment of rights management solutions.
As noted in the call for proposals, the importance of rights transactions is growing within publishing houses and within BISG member companies. BISG’s rights committee has worked to identify rights solutions available in the market, and to understand the implications of implementing rights solutions, particularly with respect to return on investment (ROI). Prior research confirms that investments in rights management solutions are of interest, as long as ROI can be demonstrated in comparable projects and settings.
The call for proposals outlines three components of the project:
- Conduct and document a market survey
- Conduct qualitative interviews
- Compile rights solution case studies
Deliverables include a written report documenting the return on investments in rights management solutions, accompanied by presentations to BISG's rights committee and potentially other audiences. Sponsor support for the planned research is currently being sought.
RFP responses are due to BISG by noon on May 8, 2020. In view of the pandemic, digital submissions to firstname.lastname@example.org are encouraged. Every effort will be made to select a winning bid by May 29. Timelines are negotiable, but the committee hopes to see engagement throughout, draft results within three months of project launch, and final deliverables by September 29, 2020.