Bookbarn International launches UK’s first book resale rights scheme
Bookbarn International (BBI), based near Bristol, is set to shake up the UK’s second-hand book trade by paying royalties to the authors of the used books it sells.
The second-hand and rare book retailer has teamed up with the Authors’ Licensing and Collecting Society (ALCS) to launch The Book Author Resale Right – a pilot programme that will compensate authors whose books are resold by BBl.
The agreement comes as BBI announces it has raised nearly half its £75,000 target to fund future expansion by selling 6% of its business.
It is inviting the public to buy shares through leading equity crowdfunder, Crowdcube.
BBI sells hundreds of thousands of second-hand books a year and ALCS makes payments to over 60,000 authors annually from a wide variety of sources.
William Pryor, BBI Managing Director comments: “Until now authors in the UK have not benefited from the sale of their second-hand works unlike others in the creative industries.”
William is a great great grandson of Charles Darwin who took over the business with a colleague in early 2013.
He comments further: “I thought it was outrageous that the creators of the products my business deals in don’t receive a penny when their books are resold.
“So I’m delighted that our collaboration with ALCS will see authors of the used books we sell receive a percentage of the net profit we make.
“We hope that others who make money from second-hand books will follow our lead.”