Publishers Weekly’s article “Rights and Royalties: A Game of Granularity” summarizes the latest trends in royalty software and the factors that impact the software selection process.
“Older royalty systems may require you to create a new contract for each product,” says Edwin Fager, president of the book publishing consultant company Kensai International. In general terms, “newer royalty software allows you to create one contract for all formats of a book—paper, hardcover, e-book, audio, chapter, anthology—i.e., one contract vs. 10 contracts.”
“The biggest hindrance to small and medium publishers interested in royalty software has been its price,” says Edwin Fager, also a distributor of Jeux de Couleur’s software Easy Royalties in the United States and Canada. “Many solutions traditionally sold for $30,000 and smaller publishers could not afford it. Now vendors are targeting small to medium-size publishers with more affordable solutions. Easy Royalties is priced at a one-time fee of $500–$10,000, based on the number of titles.”
However, the higher prices, Fager and others say, typically reflect the needs of major publishing houses, those who see multimillion-dollar revenue streams from their sea of content. They can afford robust software, and they need it….There is no one best royalty solution for all firms,” he adds.
The Easy Royalties web site has a royalty software guide that provides a concise list of over twenty software solutions.