13. Related Party Transactions

For the Prior Year Nine 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 the Current Year Nine 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. In the case of Sports Direct International plc (“Sports Direct”), the Company maintains license agreements with Sports Direct, but in addition, during the Current Quarter, the Company entered into a cooperation agreement with Sports Direct that allowed Sports Direct to appoint two members to the Company’s Board of Directors. For the Current Quarter, Current Nine Months, Prior Year Quarter and Prior Year Nine Months, the Company recognized the following royalty revenue amounts:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Joint Venture Partner
Global Brands Group Asia Limited ⁽¹⁾	$	2,587	$	6,472	$	14,353	$	14,168
Buffalo International ULC⁽²⁾		—		—		—		690
Rise Partners, LLC / Top On International Group Limited		242		—		725		695
M.G.S. Sports Trading Limited		139		188		475		405
Pac Brands USA, Inc.		47		74		171		197
Albion Equity Partners LLC / GL Damek		776		448		1,993		1,366
Anthony L&S		—		98		617		98
MHMC		732		450		2,195		1,350
Sports Direct International plc		275		—		275		—
	$	4,798	$	7,730	$	20,804	$	18,969

⁽¹⁾

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 Nine Months, Global Brands Group Asia Limited earned fees of approximately $0 million and less than $1.6 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 $2.3 million and $6.0 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 $13.4 million and $12.7 million of the total license revenue for GBG shown in the table above for the Current Nine Months and Prior Year Nine Months, respectively.