Purchase of Entertainment Companies & Catalogs

Whether we handle a transaction in its entirety, or act as due diligence counsel, we are keenly aware of what distinguishes entertainment businesses from others being purchased or sold. Duration of copyright for a set of assets is extremely important, as well as the interplay of provisions in the Copyright Act for termination of rights. In a loan situation, the method of securitization of copyrights differs from other securitization. A transaction involving new technologies raises issues that are foreign to traditional deals. Understanding the economic flow deriving from assets, particularly the impact of advances, is also important. Also, the existence of complex royalty and profit sharing arrangements and restrictions on exploitation – whether statutory or contractual – are common and require careful study. We work hand in hand with our clients and their financial advisors to sort out these issues and determine their significance in the overall business.