Traditional publishing

I am often asked what a publishing house is.
A publishing house is any company that buys and sells IP (intellectual property).
Intellectual property covers both written and visual information.
Please note: Intellectual property laws vary from country to country.
This is not legal advice.
A publishing house will usually pay for and organise:
● Illustrations
● Design
● Legal/research
● Copyright and fact-checking
● Printing
● Shipping
● Marketing
● Publicity
● Distribution
● Stock management
When a publishing house acquires IP they have to be sure it will sell to cover the overheads of running the company.