摘要
少女偶像组合产业将影视作品版权和演出收费收益权作为基础资产进行证券化融资,形成以SPV为核心的联结多个不同金融机构的结构契约关系。少女偶像组合产业资产证券化面临着基础资产定价、真实销售与破产隔离的内生性风险和产业成长、知识产权保护的外部性风险。应在健全企业资产证券化的相关法规和知识产权保护体系,探索文化金融风险补偿机制和完善信息披露制度等方面着力以化解文化资产证券化的内外部风险。
Young girl idol group industry conducts securitization financing by using film & TV copyrights and right to receive performance income as underlying assets,and forming a SPV-centered contract relationship with different financial institutions. Such securitization financing has intrinsic risks related to underlying-asset pricing,actual sales,and bankruptcy isolation; and external risks arising from industrial development and intellectual property protection. Relevant risks can be eliminated by improving applicable regulations on asset securitization and the system of intellectual property protection,building a compensation mechanism for cultural financing risks,and enhancing information disclosure system,etc.
出处
《湖南人文科技学院学报》
2017年第2期64-71,共8页
Journal of Hunan University of Humanities,Science and Technology
关键词
资产证券化
文化金融
风险
少女偶像组合
法律规制
Asset Securitization
Cultural Finance
Risk
Young Girl Idol Group
Legal Regulation
