“Loan-Out Company.” What is that?

Have you ever wondered how entities such as corporations and limited liability companies are used in the entertainment and creative industries? Have you heard the term “loan-out company” and wondered what that is? A so-called “loan-out company” is a business entity commonly formed by actors, musicians, directors, producers, writers, photographers, and others in the entertainment and…

How Do Collegiate NIL Collectives Work?

In previous articles we have written about the National Collegiate Athletic Association v. Alston, et al. Supreme Court decision, which threw the door open to allowing college athletes to generate money from licensing their rights of publicity, also known as NIL rights (name, image, likeness), leading to legislation like the California Fair Pay to Play…

Option Agreements – Buying (and Selling) Time

“Puss, you got options. Don’t let anyone make you feel like you don’t have any options . . .” – Tony Soprano Undoubtedly, it is good to have options in the “waste management” industry. Indeed, options are crucial to the entertainment industry as well. Although we suspect that the option agreement discussed in this article…