There is some intriguing stuff in an article over at IDD on the re-burgeoning business of Bowie bonds, or IP securitization:
But the potential for IP is endless, and many insiders are talking
about IP securitizations of books, photography catalogs, sports
broadcasting rights, sponsorship and advertising, as well as TV shows
and video games.“No one has done a TV or video game deal, and we’re looking
hard at those sectors,” says Dresdner’s Fazio, “There are very tangible
opportunities.”Another possibility – one that could represent the next gold
mine – is when companies learn how to extract value from their
“strategic patents,” which are not necessarily associated with royalty
streams. Those patents are valuable not for their cash flow but because
of what they allow brands to achieve.“The value of such strategic patents is rarely recognized by
financial institutions,” Berman says. “There are literally trillions of
dollars of hidden value locked up in selective, big-company patents
that, by providing freedom to operate, are invaluable to maintaining
market share and profit margins. This is the life blood of most large
companies.”
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