Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Emerson Radio Extends Licensing Deal With Funai - Quick Facts

Emerson Radio Corp. (MSN: Quote) announced that On December 17, 2012, and effective as of December 1, 2012, Emerson and Funai Corporation Inc. entered into an amendment to the License Agreement dated effective January 1, 2001, as amended, between the Company and Funai, under which the term of the License Agreement was extended until March 31, 2015.

The Agreement provides that Funai will continue to manufacture, market, sell and distribute specified products bearing the Emerson trademark to customers in the U.S. and Canadian markets.

As per the terms of the License Agreement, Emerson Radio receives non-refundable minimum annual royalty payments of $3.75 million each calendar year ($937,500 per calendar quarter) and license fees on sales of products subject to the License Agreement in excess of the minimum annual royalties.

Click here to receive FREE breaking news email alerts for Emerson Radio Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Suggesting moderate growth in the short-term, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose by more than economists had anticipated in the month of September. Stocks have moved sharply higher in early trading on Thursday after turning lower over the course of the previous session. The major averages have climbed firmly into positive territory, more than offsetting yesterday's steep losses. Eurozone's consumer confidence improved unexpectedly in October after weakening in the previous four months, preliminary data from the European Commission showed Thursday. The flash consumer confidence indicator rose to -11.1 from a seven-month low of -11.4 in September. Economists had forecast a...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.