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ASC 928 — Entertainment — Music

Below is an overview of FASB Accounting Standards Codification Topic 928, Entertainment — Music, as well as a list of FASB Accounting Standards Updates (ASUs) and proposed ASUs related to this Topic.


ASC 928-10 notes the following:


The Entertainment—Music Topic addresses the accounting and reporting by entities in the music industry. Such entities often enter into contractual agreements to license music copyrights or record masters. This Topic provides accounting guidance for such license agreements, as well as for artist compensation costs, for compensation paid to recording artists in the form of royalties, and for the costs of producing record masters. It also addresses the accounting by licensees for various fees and for any minimum guarantees stipulated in a license agreement.

ASC 928 contains intersecting Subtopics that provide industry-specific guidance related to the following Codification Topics:

The full text of ASC 928 can be found in the FASB Accounting Standards Codification (link to the FASB's Web site; registration required). Also, the full text of the Codification and Deloitte-authored Q&As related to the Codification are available in the Deloitte Accounting Research Tool (DART) Web site (subscription required).

Content from the FASB Accounting Standards Codification® included at is copyrighted by the Financial Accounting Foundation, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116, and is reproduced with permission.

FASB Accounting Standards Updates

    The following ASUs amended the guidance in this Topic:

    Proposed FASB Accounting Standards Updates

      No current proposed ASUs on Topic 928.

      Correction list for hyphenation

      These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.