logo
Share SHARE
FONT-SIZE Plus   Neg

Emerson Radio Extends Licensing Deal With Funai - Quick Facts

Emerson Radio Corp. (MSN) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Apple Inc. (AAPL) gained 5 percent in extended trading session after the tech giant reported a third-quarter profit and revenues that trumped Wall Street expectations driven by higher-than-expected iPhone sales. Although, Apple reported its second year-over-year decline in iPhone sales,... Micro-blogging site Twitter Inc. (TWTR), Tuesday reported a smaller loss for the second quarter, as revenues climbed 20 percent reflecting growth in its advertising business despite a continued poor growth in number of users. Adjusted earnings for the quarter trumped Wall Street expectations, while revenues... BlackBerry has launched its second Android smartphone DTEK50, which the struggling company touts as the most secure Android smartphone ever. DTEK50 is BlackBerry's second smartphone powered by Android, following the PRIV. The device actually shares its design and hardware specifications with the recently...
comments powered by Disqus
Follow RTT