Abstract

http://ssrn.com/abstract=2165382
 
 

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When You Wish Upon a Star: Explaining the Cautious Growth of Royalty-Backed Securitization


Lisa M. Fairfax


George Washington University - Law School

1999

1999 Columbia Business Law Review 441 (1999)
GWU Legal Studies Research Paper No. 2012-92
GWU Law School Public Law Research Paper No. 2012-92

Abstract:     
This article focuses on the phenomenon of securitizing future royalties of entertainers, illustrating why securitzation of such royalties has not been embraced more enthusiastically. The article begins by describing the securitization process in general and the differences between mortgage-backed and asset-backed securities. The article then examines the benefits of securitization as applied to entertainment royalties. Benefits of securitization include immediate liquidity, less expensive capital, and diversification of the suppliers of the originator’s funding. However, securitization does not make sense for many entertainers unless they need large sums of cash. Moreover, securitizing royalties may not be viable because it creates a host of copyright issues.

Number of Pages in PDF File: 48

Keywords: securitization, royalties, copyright

JEL Classification: L82 , K22, O34

Accepted Paper Series


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Date posted: October 22, 2012  

Suggested Citation

Fairfax, Lisa M., When You Wish Upon a Star: Explaining the Cautious Growth of Royalty-Backed Securitization (1999). 1999 Columbia Business Law Review 441 (1999); GWU Legal Studies Research Paper No. 2012-92; GWU Law School Public Law Research Paper No. 2012-92. Available at SSRN: http://ssrn.com/abstract=2165382

Contact Information

Lisa M. Fairfax (Contact Author)
George Washington University - Law School ( email )
2000 H Street, N.W.
Washington, DC 20052
United States
202-994-4630 (Phone)
HOME PAGE: http://www.law.gwu.edu/Faculty/profile.aspx?id=16144
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