# ASC 440-928-50: Commitments — Entertainment—Music — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/440/928/#50-disclosure)

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## ASC 440-928-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/440/928/#50-disclosure)

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#### Licensor Accounting

##### [440-928-50-1](https://asc.understandingaccounting.org/asc/440/928/#440-928-50-1)

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Commitments for artist advances payable in future years and future [royalty](https://asc.understandingaccounting.org/glossary/r/#royalties "Amounts paid to record producers, songwriters, or other artists for their participation in making records and to music publishers for their copyright interest in music. Amounts for artists are determined by the terms of personal service contracts negotiated between the artists and record entities and usually are determined based upon a percentage of sales activity and license fee income, adjusted for estimated sales returns. Royalties for publishing are based on the copyright or other applicable laws, but the requirements of the law may be modified by licenses issued by the publishers.") guarantees shall be disclosed.