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
A new species of 'super-armored' worm, almost bizarre beyond description, has been discovered. Good thing this one's no longer around. Stocks moved sharply lower over the course of the trading day on Monday amid continued concerns about Greece and the possibility the debt-laden country will exit the eurozone. With the steep drop on the day, the Dow fell to its lowest closing level in almost five months. The most "American" vehicle isn't Built Ford Tough. It's not in jingles sung by John Mellencamp or Bob Seger, and it probably isn't kickin' up backroads dust somewhere in the Heartland.
comments powered by Disqus
Follow RTT