You can move editions; products, to a new parent title. Moving an edition also moves all of the sales activities associated with that edition.
WARNING: When an edition’s sales are moved to a new title; and a new royalty contract, those sales are viewed as sales activities on which no royalties have been calculated. Royalties will be recalculated for this edition’s “new sales record” unless an All beneficiaries > Effective from date is specified in the new parent title’s royalty contract.
To move a new edition open the Title edition record. On the General tab select the Change parent title… button.
After moving an edition to a new parent title, check the old parent title. If the old parent title has no editions change the status of the original royalty contract; linked to the original parent title, to inactive. This will stop the generation of royalty statements for the former parent title.
WARNING: Deleting the original parent title; if it has no editions linked to it, will delete the royalty contract, all payments and all royalty statements linked to the original title. If you retain the existing history for the title we recommend that you append the word “Inactive” to the end of the title name. Example: “Blue Sky – Inactive”.
Royalty Contract Effective From Date
After an edition; with prior period sales, is moved to a new parent title the Effective from date needs to be specified in the new parent title’s royalty contract record. If not royalties will be calculated on the prior period sales activities; on which royalties were already calculated and paid under another royalty contract.
The effective form date should be the last date of the prior royalty statement period. Sales dated prior to this date will be excluded from royalty calculations. These sales will be included in royalty escalator tallies. The new parent title’s cumulative royalties earned to date total will not include royalties earned on sales from the prior parent title if the effective from date is specified.