For over 30 years, Licensing Expo has been the meeting place for the biggest names and the hottest properties in the industry. Schedule a meeting at the Licensing Expo to learn how you can easily manage contracts, rights, royalties, invoices, accounting, product approvals, digital assets and more with RoyaltyZone!
— Lou Ellman (@LouEllman) February 5, 2013
— Lou Ellman (@LouEllman) February 3, 2013
RoyaltyZone announces the release of several exciting new features to its suite of easy to use licensing and royalty software:
Export customized, ready for signature, Deal Memos and Term Sheets to PDF learn more
Easily analyze a submitted royalty report to identify unsold items and potential red flags learn more
Use workflows to track and approve pending license agreement amendments learn more
Upload historical royalties and payments learn more
Create multiple RoyaltyZone accounts, linked by a “master” account learn more
Licensing Agents can create and track recurring and one time fee invoices for their clients learn more
Enter default values for your commonly used license agreement terms learn more
RoyaltyZone has release a new feature to help both Licensors and Licensees keep track of royalty deduction caps and more. You can set an Alert for any financial threshold in RoyaltyZone. Alerts are notifications that are sent to designated individuals (both Licensor and Licensee) based on events triggered during royalty reporting. You can use Alerts to manage caps on returns and/or deductiions, or to manage agreement terms that need to be amended when a certain milestone is reached.
To learn more, visit: How do I create and manage Alerts?
Say goodbye to royalty underpayments caused by currency conversion calculation errors! You can now designate currency conversion rules for each of your license agreements and allow licensees to report sales data in the actual selling currency. RoyaltyZone will convert each transaction from the sales currency to the agreement currency – always using the correct exchange rate and the correct conversion date!
To get started, visit Setup > Currencies to select your default setting for currency conversion.
RoyaltyZone will be at the Licensing Expo next week, June 12th to 14th at the Mandalay Bay Convention Center in Las Vegas. There are several ways to connect with RZ at the Expo:
Visit RoyaltyZone in booth 3074, or schedule a meeting in advance, to see a demo of RZ in action or learn about what’s new.
Let’s talk about increasing royalty revenue, automating compliance processes, closing more licensing deals, and measuring licensing success at your company.
Licensors, Agents, and Licenses use affordable web based licensing software from RoyaltyZone to manage all of their contracts, invoices, products, royalties. and more.
In addition, Lou Ellman, RoyaltyZone’s Founder and Chief Royalty Crusader, will be speaking at two events:
Event: SPLiCE Licensors Summit
Panel: Streamlining the Licensing Business Model
Where: The Signature at MGM Grand
When: June 11, 2012 at 1:00PM
Event: LIMA Licensing University
Panel: Basics of International Licensing
Where: Mandalay Bay Convention Center
When: June 12, 2012 at 10:30AM
See you in Vegas!
The 2012 Invotex annual report on license compliance finds that 89% of licensees misreport royalties to their licensors.
Smart licensors and licensees use RoyaltyZone royalty software to eliminate this problem!
Read the full article here
I spotted this interesting vintage licensed product over the weekend on the bottom of a pile of board games at local bakery/bar Easy Tiger. It’s a “Kreskin’s ESP” board game made in 1967 by Milton Bradley.
The game was remarkably intact, and consisted mostly of a useless pendulum and a deck of playing cards with various colors and shapes. My friends and I tested our ESP skills on the playing cards, and hilarity ensued.
A quick Google search led me to these comments on the game, made by Kreskin himself in 201o:
“Regarding your inquiry about the Kreskin ESP game, yours truly designed the game. As far as the artwork for the box, the Milton Bradley people had their staff do that. At one point, the amount of sales was over a million and it approached two million.
Thank you for your interest about the game. It became a very popular showcase, as I played it with many people on television, including Johnny Carson, Mike Douglas, and Merv Griffin, as the pendulum proved to be a fascinating phenomena.
With all my best thoughts,
Licensing works, folks!
We love to hear new feature suggestions from our clients! We’ve been hard at work turning your ideas into reality! New for February 2012:
View, edit, filter, and search all of your Licensee’s products from one central location! Click “Export to CSV” to export your filtered search results to Excel. Take a sneak peek
Create and assign Tags to define a group or family of properties. You can then filter royalty results by Tag in any RoyaltyZone report.
Sales Guarantee (Sales Quota)
Designate a Net or Gross Sales target for your licensees and track their progress towards achieving it.
Bundle Factor (Bundled Products or Assortments)
Designate products as a “Bundled Product” (SKUs that use multiple properties, either licensed or non-licensed) and then enter the “Bundle Factor” for each property. When sales of bundled products are reported, RoyaltyZone will use the Bundle Factor to prorate quantity sold, net sales, and royalty owed for each property used on the bundled product.
Unapprove Royalty Reports
Admin users are now able to unapprove royalty reports that were previously approved! As a bonus, Licensees can now click a button to request that royalty reports be unapproved (or rejected).
Do your agreements require that your licensees spend a given amount on advertising and marketing over the life of the agreement? Now you can track the amount to be spent, and licensees can indicate amount spent for marketing over each royalty reporting period, and attach supporting documentation.
New Agreement Fields
You can now enter default verbiage for the “Samples”, “Acknowledgment”, and “Addressee” fields for your license agreements. Visit Setup > Agreements to set the defaults for your account.
Attach supporting documentation (in any electronic format) to your invoices. Attachments can be viewed or downloaded by Licensees.
User Interface Enhancements
You’ll find new search, sort, and select functions on many popular pages in RZ!