Determined fair market value of famous cartoon character
Determined fair market value of famous cartoon character
Intellectual Property Valuation Services – Settlement from Entertainment Company
After years of litigation, an estate was able to receive a multi-million dollar settlement from an entertainment company that had a royalty rights agreement with a famous cartoon hero. The size of the settlement also triggered a significant estate tax liability as the creator of the character had passed during litigation. Stout’s intellectual property group was able to draw upon its significant experience to determine the fair market value of the cartoon character as of the estate date. To complicate the matter, Stout had to not only properly value the intellectual property, but further quantify the risk of litigation and likelihood of success.