licensing advances

Liabilities1

1. 430-928Entertainment—Music430 Deferred Revenue

   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 Every paragraph in the subtopic — 430-928-05-1, 430-928-15-1, and 430-928-25-1 — was superseded by ASU 2014-09 (Revenue from Contracts with Customers).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.