{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/430/928/","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","number":"430-928","topic":"430","title":"Entertainment—Music","area":"Liabilities","paragraphs":4,"summary":"ASC 430-928 was the deferred revenue guidance for the music industry (Entertainment—Music), addressing when amounts received (e.g., minimum guarantees or advances under licensing arrangements) had to be deferred rather than recognized. Every paragraph in the subtopic — 430-928-05-1, 430-928-15-1, and 430-928-25-1 — was superseded by ASU 2014-09 (Revenue from Contracts with Customers). No substantive guidance remains; music-industry deferred revenue questions are now answered under ASC 606 and the music-specific guidance in ASC 928-606.","concepts":["deferred revenue","superseded guidance","music industry","licensing advances","minimum guarantees","contract liability"],"categories":["Revenue","Industry-specific","Transition and effective dates","Recognition"],"level":"introductory","topic_title":"Deferred Revenue","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"430-928-00-1","para":"00-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following table identifies the changes made to this Subtopic.</div><div class=\"norm-text\"><table class=\"asc-table\" id=\"SL51574571-203202\"><tr><td class=\"entry\"><strong class=\"ph b\">Paragraph</strong></td><td class=\"entry\"><strong class=\"ph b\">Action</strong></td><td class=\"entry\"><strong class=\"ph b\">Accounting Standards Update</strong></td><td class=\"entry\"><strong class=\"ph b\">Date</strong></td></tr><tr><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td></tr><tr><td class=\"entry\"><strong class=\"ph b\">License Agreements</strong></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"><strong class=\"ph b\">Minimum Guarantee</strong></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"><strong class=\"ph b\">Record Master</strong></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td></tr><tr><td class=\"entry\"><a href=\"/asc/430/928/#430-928-05-1\" class=\"xref\">928-430-05-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/430/928/#430-928-15-1\" class=\"xref\">928-430-15-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/430/928/#430-928-25-1\" class=\"xref\">928-430-25-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr></table></div></div>","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nLicense Agreements | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:62f19d82d9d0e2ed95ff45ee2d70689dad44d0eb7d80568ee97ca302031c3ac7","downloaded_from":"2026-09-10T00:24:14.561Z","last_downloaded_at":"2026-09-10T00:24:14.561Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478553","source_sha256":"c1758b0364bc0e774593160a337d44e045ecc2ed1fecf39403eced7951959a04"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0fc13d18cf42af4b74b9f3fb8f1348a05bb81edb3319d2aff4c1a8a57673ef88","downloaded_from":"2026-09-10T00:24:14.561Z","last_downloaded_at":"2026-09-10T00:24:14.561Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478553","source_sha256":"c1758b0364bc0e774593160a337d44e045ecc2ed1fecf39403eced7951959a04"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:86c8620efb356d86d487fb321e7f2141a8d39c1f1fb63df9daf83804b68728e3","downloaded_from":"2026-09-10T00:24:14.561Z","last_downloaded_at":"2026-09-10T00:24:14.561Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478553","source_sha256":"c1758b0364bc0e774593160a337d44e045ecc2ed1fecf39403eced7951959a04"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"430-928-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea0f1d0bc75374e83840ee54f7b4122efa1fc673bbc79fce9efb66cbb9513953","downloaded_from":"2026-09-10T00:24:16.256Z","last_downloaded_at":"2026-09-10T00:24:16.256Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478366","source_sha256":"54004350601b7afc7a741a04589b50a9b063af1418ea80189ecdd2865d20675e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8984dea44817cbac5bb93a65c07054581da80dee75d005385b8b15b3abccc5ae","downloaded_from":"2026-09-10T00:24:16.256Z","last_downloaded_at":"2026-09-10T00:24:16.256Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478366","source_sha256":"54004350601b7afc7a741a04589b50a9b063af1418ea80189ecdd2865d20675e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1bca118c5668f126821946a9fdeaa5357c816ca5e4b1f87baca6f9fc9adc54b0","downloaded_from":"2026-09-10T00:24:16.256Z","last_downloaded_at":"2026-09-10T00:24:16.256Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478366","source_sha256":"54004350601b7afc7a741a04589b50a9b063af1418ea80189ecdd2865d20675e"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"430-928-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ad7e48beea7d26e0eaecabe5d4e22fd59d72ca30c11cf7d198d33130a39a65b7","downloaded_from":"2026-09-10T00:24:20.354Z","last_downloaded_at":"2026-09-10T00:24:20.354Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479047","source_sha256":"944d1173312319a5bbed225fb688a917f66bb1f1bd39ab530ac97bb7f1352e45"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:972619298409ff79744cb755d44561dbfc5b552f0fac60c2414930d997f113d9","downloaded_from":"2026-09-10T00:24:20.354Z","last_downloaded_at":"2026-09-10T00:24:20.354Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479047","source_sha256":"944d1173312319a5bbed225fb688a917f66bb1f1bd39ab530ac97bb7f1352e45"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3e4a98cd93daec0334cce8e23aea2eca3ccd80afa69b656ebb0cb5b00b0f56ac","downloaded_from":"2026-09-10T00:24:20.354Z","last_downloaded_at":"2026-09-10T00:24:20.354Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479047","source_sha256":"944d1173312319a5bbed225fb688a917f66bb1f1bd39ab530ac97bb7f1352e45"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"430-928-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c1424270cd3d5cada82644f7b8739bdbb8ee205e9953735d340bea43d002d53f","downloaded_from":"2026-09-10T00:24:22.885Z","last_downloaded_at":"2026-09-10T00:24:22.885Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477841","source_sha256":"f94962ca0dd4dd6626562c0379e527cc91956e946d5eebf6ea4071899793beb6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f15bd2ac51e49e9f0278afe297612e26b95b85924f5becbe4fd6ee17a88511b","downloaded_from":"2026-09-10T00:24:22.885Z","last_downloaded_at":"2026-09-10T00:24:22.885Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477841","source_sha256":"f94962ca0dd4dd6626562c0379e527cc91956e946d5eebf6ea4071899793beb6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76604e5ff2a8621d95792871297f0b3c1b0d39c7d9bad1936975a6468e0837e8","downloaded_from":"2026-09-10T00:24:22.885Z","last_downloaded_at":"2026-09-10T00:24:22.885Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477841","source_sha256":"f94962ca0dd4dd6626562c0379e527cc91956e946d5eebf6ea4071899793beb6"}}],"enrichment":{"summary":"ASC 430-928 was the deferred revenue guidance for the music industry (Entertainment—Music), addressing when amounts received (e.g., minimum guarantees or advances under licensing arrangements) had to be deferred rather than recognized. Every paragraph in the subtopic — 430-928-05-1, 430-928-15-1, and 430-928-25-1 — was superseded by ASU 2014-09 (Revenue from Contracts with Customers). No substantive guidance remains; music-industry deferred revenue questions are now answered under ASC 606 and the music-specific guidance in ASC 928-606.","key_points":["All three remaining paragraphs of this subtopic (430-928-05-1, 430-928-15-1, 430-928-25-1) are marked 'Paragraph superseded by Accounting Standards Update No. 2014-09,' leaving no operative content.","Because the overview/background (Section 05), scope (Section 15), and recognition (Section 25) sections were all superseded, the subtopic cannot be applied to any transaction.","Deferral of licensing advances, minimum guarantees, and similar music-industry receipts is now evaluated under the contract liability model of ASC 606, not under legacy deferred revenue guidance.","Industry-specific music guidance that survived ASU 2014-09 resides in ASC 928, including ASC 928-606 for revenue from contracts with customers.","The supersession took effect with the adoption dates of ASU 2014-09, so pre-adoption comparative periods may still reflect the legacy guidance."],"categories":["Revenue","Industry-specific","Transition and effective dates","Recognition"],"audience_level":"introductory","student_note":"This subtopic is a shell: its only value is signaling that legacy music-industry deferred revenue rules were wholly replaced by ASC 606. The common mistake is citing 430-928 as live authority instead of tracing the question to ASC 606 and ASC 928-606.","related_topics":["606","928","928-606","430","340-40","605"],"key_concepts":["deferred revenue","superseded guidance","music industry","licensing advances","minimum guarantees","contract liability"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d4b227235282637cca43db6682d1b57d938f8bf106ed4d2c0178bec559818d9b","downloaded_from":"2026-09-10T00:24:14.561Z","last_downloaded_at":"2026-09-10T00:24:22.885Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"430-926","title":"Entertainment—Films","topic_title":"Deferred Revenue","score":0.9392,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37fedb1cdb1f179d9d5f45b9e39fcfa4b7c4289ee640442824e8441624615c68","downloaded_from":"2026-09-10T00:24:00.334Z","last_downloaded_at":"2026-09-10T00:24:12.601Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"430-922","title":"Entertainment—Cable Television","topic_title":"Deferred Revenue","score":0.8861,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8e35a5d7a493058240705320ca6050ed638f20635e5d41f2d9ad6e84817d9fcd","downloaded_from":"2026-09-10T00:23:40.791Z","last_downloaded_at":"2026-09-10T00:23:57.093Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"605-928","title":"Entertainment—Music","topic_title":"Revenue Recognition","score":0.8785,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d6990b933583ea0a37e62558907cb2fd621108c34cabef0e1831dfa17bb26d46","downloaded_from":"2026-09-10T00:48:12.626Z","last_downloaded_at":"2026-09-10T00:48:29.629Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"605-926","title":"Entertainment—Films","topic_title":"Revenue Recognition","score":0.8195,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b390e36db5e778d88aeba3a7f9b73bcb826805b0f9c55445972660c9fe2d7dc","downloaded_from":"2026-09-10T00:47:51.885Z","last_downloaded_at":"2026-09-10T00:48:09.300Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"310-920","title":"Entertainment—Broadcasters","topic_title":"Receivables","score":0.8079,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:206f68993e675f974d752e229a50eef60dc0938a4d48d6110840804756fe31ed","downloaded_from":"2026-09-09T23:28:48.719Z","last_downloaded_at":"2026-09-09T23:28:53.444Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"605-924","title":"Entertainment—Casinos","topic_title":"Revenue Recognition","score":0.8059,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3edfe2a629ef66e6083e7d599af1f1fe37af143237967df53b859ef82e06cc14","downloaded_from":"2026-09-10T00:47:28.279Z","last_downloaded_at":"2026-09-10T00:47:49.424Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"430-926","title":"Entertainment—Films","topic_title":"Deferred Revenue","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c6baff9b0455613004ade8be2d7b95726eea5b321f84881752aaf29eac9bcdae","downloaded_from":"2026-09-10T00:24:00.334Z","last_downloaded_at":"2026-09-10T00:24:12.601Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"430-954","title":"Health Care Entities","topic_title":"Deferred Revenue","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b68fdd1cdac3f6b74250e4761899563b0f5d75481c6a65722851c81aed2cde7","downloaded_from":"2026-09-10T00:24:26.950Z","last_downloaded_at":"2026-09-10T00:25:00.362Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a69c8ce0459beba2c2282da9eaec21538b9d4c801a81a22b81400230d4030e0e","downloaded_from":"2026-09-10T00:24:14.561Z","last_downloaded_at":"2026-09-10T00:24:22.885Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}