13. Related Party Transactions

For both the Prior Year Quarter and Prior Year Six Months, the Company paid less than $0.1 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. as compared to none during both the Current Quarter and the Current Year Six Months. The Company owned a minority interest in Galore Media, Inc. The Company sold its interest in Galore Media during FY 2017. Management believes that all transactions were made on terms and conditions no less favorable than those available in the marketplace from unrelated parties.

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, Current Six Months, Prior Year Quarter and Prior Year Six Months, the Company recognized the following royalty revenue amounts:

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Joint Venture Partner
Global Brands Group Asia Limited ⁽¹⁾	$	6,138	$	4,458	$	11,767	$	7,696
Buffalo International ULC⁽²⁾		—		—		—		690
Rise Partners, LLC / Top On International Group Limited		242		360		483		695
M.G.S. Sports Trading Limited		182		125		336		217
Pac Brands USA, Inc.		23		90		124		123
Albion Equity Partners LLC / GL Damek		633		452		1,218		918
Anthony L&S		600		—		617		—
MHMC		732		450		1,463		900
	$	8,550	$	5,935	$	16,008	$	11,239

⁽¹⁾

Royalty revenue of approximately $0.7 million for the Prior Year Quarter as compared to none during the Current Quarter was included in the amounts presented in the table above, related to royalty revenue associated with Peanuts Worldwide which has been reclassified in to income from discontinued operations on the Company’s condensed consolidated statement of operations. Royalty revenue of $1.6 million for the Prior Year Six Months as compared to none during the Current Six Months was included in the amounts presented in the table above, related to royalty revenue associated with Peanuts Worldwide which has been reclassified into income from discontinued operations on the Company’s condensed consolidated statement of operations. Additionally, Global Brands Group Asia Limited also served as agent to Peanuts Worldwide in respect of the Greater China Territory for Peanuts brands. As of June 30, 2017, due to the completion of the sale of the Entertainment segment, Global Brands Group Asia Limited is no longer a related party in its capacity as agent of Peanuts Worldwide. For the Prior Year Quarter and Prior Year Six Months, Global Brands Group Asia Limited earned fees of approximately $0 million and less than $0.1 million, respectively, in its capacity as agent to Peanuts Worldwide, which have been recorded within discontinued operations in the Company’s condensed consolidated statement of operations.

⁽²⁾

Prior to FY 2017, Buffalo International ULC maintained the Buffalo license agreement. However, starting in February 2017, Buffalo International ULC effectively assigned the Buffalo license agreement to GBG. The license revenue from the Buffalo license agreement represents approximately $5.9 million and $4.2 million of the total license revenue for GBG shown in the table above for the Current Quarter and Prior Year Quarter, respectively. The license revenue from the Buffalo license agreement represents approximately $11.1 million and $6.7 million of the total license revenue for GBG shown in the table above for the Current Six Months and Prior Year Six Months, respectively.