You need advisors who can enhance your licensee monitoring procedures, uncover unreported revenue, and identify improvements that may be required by your licence agreements. That’s what we do.
Are you negotiating a new royalties’ agreement, or concerned about the interpretation of your existing contracts? Our team can help you understand if you’re getting the right returns on your licensed assets and resolve any ambiguities in subsequent contracts.
Your licensees may operate across different jurisdictions, with varying reporting timeframes, systems, and staffing structures. Combined with adjustments in reporting, and performance against forecasts, a royalty audit is critical.
Why Grant Thornton
You’ll work with a multinational team experienced in complex licensing across all media markets: home video, theatrical, publishing, consumer product, pharmaceuticals, sport, and music.
Our teams will guide you through potential issues, such as under-reporting, and help you improve compliance on future agreements. We work with the largest IP owners in the world - over 90% of our audits uncover underreporting. In almost every instance, we identify some enhancements required to the licensee’s internal reporting processes or the licensor’s monitoring controls.
Supporting an international food and beverage brand owner
We have worked with Grant Thornton for several years now and are very pleased with their professionalism and the consistency of high quality of work their team provides on our compliance audits. They are proactive, understand what we need, and are always happy to help with any follow-ups as necessary. Their diligent work ethic and attention to detail is very reassuring.Licensee Compliance Director Universal Pictures