The subject of Licensing came up and it got me thinking. I'm inclined to give the first option on Licensing to our investors. That way they gain the ability to protect their investment and Image of the Mind Studios can gain a vested partner in the context of production management. This could be mutually advantageous in a number of ways.
Certain ancillaries may remain with IMS, in terms of both manufacturing and distribution. That rather depends on a number of factors, but in some circumstances, on products already prototyped out, IMS may serve as the manufacturing agent, if it is appropriate.
Anyway you look at it, IMS gets a 10% royalty of the gross, payable against the production quantities at the manufacturing level, prepaid.
I'll address this subject further on the IMS Producing Partners blog.
AG
