What is Content Acquisition and Rights Management in SAP CRM-IM-IPM - Intellectual Property Management?

SAP Term: Content Acquisition and Rights Management

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: Business scenario that can be used to manage rights acquisition contracts in which rights and services are defined, which broadcasting companies acquire to produce and broadcast new programs.

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• Key Concepts: 
  Content Acquisition and Rights Management is a component of SAP's Intellectual Property Management (IPM) module. It enables organizations to acquire, manage, and protect digital content such as images, videos, audio files, and documents. It also provides tools to manage the rights associated with the content, including copyright, licensing, and royalty payments. 
  
  How to use it: 
  Content Acquisition and Rights Management can be used to acquire digital content from external sources such as stock photo websites or content providers. It also provides tools to manage the rights associated with the content, including copyright, licensing, and royalty payments. The module also provides tools to track usage of the content and generate reports on usage and revenue. 
  
  Tips & Tricks: 
  When using Content Acquisition and Rights Management, it is important to ensure that all content is properly licensed and that all rights are managed correctly. It is also important to keep track of usage of the content in order to ensure that all royalties are paid correctly. 
  
  Related Information: 
  Content Acquisition and Rights Management is part of SAP's Intellectual Property Management (IPM) module. Other components of IPM include Digital Asset Management (DAM), Digital Rights Management (DRM), and Digital Rights Exchange (DRX).