Oxford, 10th March 2015 – Egmont Publishing, a leading global children’s book, magazine and digital publisher, has launched a new global contracts and rights system running on Publishing Technology’s advance platform.
The system, which went live late last year at the publisher’s UK and Denmark-based Scandinavian offices, will enable the company to benefit from a single, centralised resource containing all of its global contract and rights information. Following the successful implementation, Egmont expects to roll advance out to further Egmont Publishing territories in the near future.
Designed to help track and manage the status of contracts at every stage of their lifecycle, from offer through to signature, advance will improve and simplify the way Egmont Publishing manages rights, sub-rights, fragments and permissions, while strengthening its existing processes.
Egmont Publishing’s business also benefits from:
- Enhanced visibility of the status of contracts throughout the business
- Complete visibility across the business of the commercial opportunities and liabilities relating to contracts and rights
- The ability to generate reports, data, legal templates relating to contracts
- The capacity to log background information relating to contracts, such as correspondence, royalty reports, marketing activity and other items
Henrik Højsholt Nielsen, CFO Egmont Publishing, commented: “Contracts and rights form an integral part of our business processes as a publisher. With that in mind it is fundamental that we have the appropriate systems in place that can empower our employees and stakeholders to effectively manage a diverse range of contract types across multiple content and product formats. Since signing the initial contract we have been working closely with Publishing Technology to migrate all of our historical and current contract data across to the system and have made very good progress. We look forward to continuing this relationship and potentially rolling out the platform globally so that Egmont Publishing employees all over the world can benefit.”
Jane Tappuni, EVP, Business Development, said: “One of the biggest challenges that large international publishers face is ensuring that employees, regardless of where they are in the world, can be fully informed regarding intellectual property rights and contract obligations that need to be executed. This is one of the main strengths of advance Contract, Rights and Royalties, which can pull contract and rights information from local markets and make it available internationally. We are delighted that the first phase implementation of this project has been a success and are confident that we will be launching advance across additional further Egmont Publishing territories in the near future.”