Accounting Research Tool
92X Entertainment

ASC 928 Entertainment—Music

ASC 928 Entertainment — Music

You must log in to view this content and have a subscription package that includes this content.

Required subscriptions

ASC 928-10 notes the following:
The Entertainment — Music Topic addresses the accounting and reporting by entities in the music industry. Such entities often enter into contractual agreements to license music copyrights or record masters. This Topic provides accounting guidance for such license agreements, as well as for artist compensation costs, for compensation paid to recording artists in the form of royalties, and for the costs of producing record masters. It also addresses the accounting by licensees for various fees and for any minimum guarantees stipulated in a license agreement.
ASC 928 contains intersecting Subtopics that provide industry-specific guidance related to the following Codification Topics:
340 — Other Assets and Deferred Costs
405 — Liabilities
430 — Deferred Revenue
440 — Commitments
605 — Revenue Recognition
720 — Other Expenses