8. Deferred Revenue and Advances (Details Narrative) - USD ($) |
Dec. 31, 2015 |
Dec. 31, 2014 |
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Deferred Revenue And Advances Details Narrative | ||
Advances on music rights | $ 599,167 | $ 817,167 |
Deferred revenue | $ 359,370 | $ 65,410 |
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- References No definition available.
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- Definition The amount paid to music publishers, record producers, songwriters, or other artists in advance of their earning royalties from record or music sales. Such an amount is based on contractual terms and is generally nonrefundable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred revenue as of balance sheet date. Deferred revenue represents collections of cash or other assets related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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