Rights and Royalties - if you have ever dealt with the management or distribution of certain kinds of intellectual assets, then you have probably heard of these terms. While rights and royalties are not exclusively the domain of intellectual assets, for the purposes of this article, we will deal with them as such.
We will use films as our example. For those in the business of distributing films, rights and royalties are a primary concern. Film distributors collect movie distribution rights from various producers. As the company goes out into the market place and produces distribution deals, they develop royalty concerns. Rights to distribute films are typically specified in terms of "what", "to whom", "where", "when", and "how". Let's look at an example.
We will use films as our example. For those in the business of distributing films, rights and royalties are a primary concern. Film distributors collect movie distribution rights from various producers. As the company goes out into the market place and produces distribution deals, they develop royalty concerns. Rights to distribute films are typically specified in terms of "what", "to whom", "where", "when", and "how". Let's look at an example.