A business partnering in the entertainment industry is the process of finding a partnership for an arrangement in which two or more individuals share the profits and liabilities of a business venture. Various methods are possible, but in most cases, a long-term partnership agreement is reached for sharing of physical and intellectual resources in the achievement of defined common objective. Business partnerships with artists and corporations can develop in outsourcing relationships where the parties desire to achieve long-term “win-win” benefits and innovation based on mutually desired outcomes.
Partnership agreements in the entertainment industry can take on various forms from shake hand agreements; contractual cooperation’s all the way to equity alliances. By acting as your strategic business partnering consultant, Nimble Agency will lead the way in finding the right partner for your entity and settling the agreements. Amongst others, we can help solve the questions on co-investors, intellectual property ownership, technology transfer and splitting of profits and expenses. Check out what we have done for other artists and corporations, read the insights we present on this topic and get in touch to plan a free consultancy session.