Description:

Ron Sobel, President of North Star Media, talks about international publishing. Foreign markets are substantial for publishing companies - especially as traditional record sales decline. For instance, songs are rerecorded in foreign languages. Sobel discusses publishing administration as well. Publishing administration is the collection of foreign currencies. He also covers foreign territories. Each territory has its own collection agency and local sub publishers. Sobel also discusses the strategies of publishing companies in regards to foreign territories. Some companies hire specific local sub publishers in each territory. Others offer a world deal and have individuals grounded in each territory. Also in this segment, he explains that it's a matter of dollar and cents and how creative the sub publisher can be. Foreign sub publishers take generally between ten and fifteen percent. They are extremely helpful in finding revenue that originally slipped through the cracks.