The Frankfurt Book Fair has made what it calls "a significant investment" in IPR License, a rights and licensing trading platform set up by Legend Press founder Tom Chalmers.
As part of the deal, Frankfurt will take a minority shareholding in IPR License, with the two companies working together on a sales, marketing and tech licensing partnership, to "establish the IPR platform TradeRights as the industry standard tool for rights and licensing transactions."
Juergen Boos, director of the Frankfurt Book Fair, said: "In the last several years, publishers have found new opportunities for their content. Rights activity is a growing feature of our Frankfurt physical portfolio. As well as building on this area of our business, we actively want to increase our part in the growing online rights and permissions platforms that have come to market in recent times. We have identified the global rights business as an area where we can leverage our current Frankfurt offerings – ie the Literary Agents & Scouts Centre, the International Rights Directors Meeting, our involvement in RightsLink and many other specialized events – to a wider physical audience around the world in the key areas where we currently have a presence."
Chalmers, m.d. of IPR License, said: "We’re delighted to not only welcome Frankfurt Book Fair as a stakeholder in IPR License but also as a key strategic partner in achieving our aim to make our tech-based rights solution an industry standard tool across the international book market."