Related Party Transactions

6 Months Ended

Jun. 30, 2016

10. Related Party Transactions

The Company incurred advertising expenses with Complex Media, Inc. to promote certain of the Company’s men’s brands. The Company owns a minority interest in Complex Media, Inc. as discussed in Note 3 and in Note 18. There were no advertising expenses with Complex Media, Inc. for the Current Six Months and Prior Year Six Months, and no related accounts payable as of June 30, 2016 as compared to $0.2 million as of December 31, 2015. Management believes that all transactions were made on terms and conditions no less favorable than those available in the marketplace from unrelated parties.

For the Current Six Months, the Company paid approximately $0.3 million to Galore Media, Inc. in relation to certain marketing services to promote the Company’s brands and for the rights to certain warrants of Galore Media, Inc. The Company owns a minority interest in Galore Media, Inc. as discussed in Note 3. Management believes that all transactions were made on terms and conditions no less favorable than those available in the marketplace from unrelated parties.

During each of the Current Quarter, Current Six Months, Prior Year Quarter and Prior Year Six Months, the Company incurred less than $0.1 million per year in consulting fees in connection with a consulting arrangement entered into with Mark Friedman, a member of the Company’s Board of Directors, relating to the provision by Mr. Friedman of investor relations services. Such consulting agreement was terminated on May 3, 2016.

The Company has entered into certain license agreements in which the core licensee is also one of our joint venture partners. For the Current Quarter and Prior Year Quarter, the Company recognized the following royalty revenue amounts:

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Joint Venture Partner
Global Brands Group Asia Limited ⁽¹⁾	$	904	$	1,241	$	1,718	$	2,623
Buffalo International ULC		3,820		2,007		7,258		4,823
Rise Partners, LLC / Top On International Group Limited		4		2,021		500		4,443
M.G.S. Sports Trading Limited		156		154		297		276
Pac Brands USA, Inc.		83		95		223		311
NGO, LLC		294		202		594		404
Albion Equity Partners LLC / GL Damek		433		656		846		1,327
Anthony L&S		—		545		—		909
Roc Nation		—		100		—		200
	$	5,694	$	7,021	$	11,436	$	15,316

⁽¹⁾

Global Brands Group Asia Limited also serves as agent to Peanuts Worldwide for the Greater China Territory for Peanuts brands. For the Current Quarter and Prior Year Quarter, Global Brands Group Asia Limited earned fees of approximately $0.7 million and $0.8 million, respectively, in its capacity as agent to Peanuts Worldwide. For the Current Six Months and Prior Year Six Months, Global Brands Group Asia limited earned fees of approximately $1.5 million and $1.6 million, respectively, in its capacity as agent to Peanuts Worldwide.