For clients in creative industries, royalties and profit participations provide significant income. Unfortunately, the complexity of the underlying transactions and calculations can lead to potential underpayment. Since its beginnings, Prager and Fenton has specialized in protecting those payments for its clients by conducting comprehensive royalty auditing in fields such as music recording and publishing, television, motion pictures, and theater, merchandising, video games, and book publishing.
All royalty audits are monitored by the firm's most senior staff members, many of whom have focused on this work for over a quarter-century. Prager and Fenton's royalty audits also benefit from the firm's broad international expertise in related fields such as business management and taxes.
Prager and Fenton's profit participation and royalty auditing services include:
- Complimentary Consultation ---
Provide a free initial consultation to determine the feasibility of pursuing the audit.
- Contract and License Analysis ---
Complete a comprehensive analysis of the governing agreements to determine licensed rights and royalty rates payable.
- Contract Negotiation ---
Support clients and their representatives in assessing negotiated royalty terms.
- Royalty Audits and Profit Participation Audits ---
Analyze the licensee's books and records to determine the accuracy of payments.
- Royalty Reports ---
Review all issues with client. And document findings in a formal report.
- Royalty Statement Analysis ---
Examine various income streams and verify royalty calculations.
- Settlement Consultation ---
Assist in the resolution of all royalty audit issues.
