It’s Still About The Money – Royalty And Licensing Audits
It’s Still About the Money – Royalty and Licensing Audits
The music industry is an increasingly complex place with a mix of new income streams and new licensees that are constantly popping up. This along with an active market for catalog transactions spurred on by an influx of private equity and investments in passive income streams have led to a dynamic environment fraught with disruptions and ripe for underreporting royalties. What's a right holder to do? Call the royalty auditor. Royalty audits are now more than ever a best practice to maximize revenues and protect value for recording artists, songwriters, record labels, and publishers alike. This panel discussed reasons to audit, the process of exercising audit rights, really reading royalty statements, the royalty audit itself and strategies you need to know when the parties can't reach an amicable settlement.
J. Christopher Hull, CPA, Partner, Prager Metis CPAs, LLC (Moderator)
Brian D. Caplan, Esq., Partner, Reitler Kailas & Rosenblatt LLC
Mark A. Levinsohn, Esq., Levinsohn Associates, P.C.
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