Research On The Movie And Television Works Securitization

Securitization of movie and television work means that the copyright of movie and television work contained the future profit or other commercial income is transferred to SPV by the founder-members. This SPV separates and reforms the risk and profit through a certain arrangement, and then issues the negotiable securities based on the profit right.Substantively, securitization of movie and television work is a kind of structural finacing found on copyright, is an important representation of technological innovation in modern life, is also an innovative exploration for the development of assert securitization of knowledge economy. It is meaningful to develop and consummate the copyright system.There are many successful cases in the developed countries, which have self-contained markets and systems, suck as America and Japan. These cases not only make the founder-members gain"the insurance policy of future profit", but also show people the enormous economy and system values. In China, the movie and television work have already entered into the commerce times, which means that the requirement for investing them becomes bigger and bigger. Securitization of movie and television work becomes a good choice to develop our media industry and intellectual property rights.We should pay attention to some idiographic issues basing on the our particular characterictics of legal system when dealing with the securitization of movie and television work, for example, how to cognizance the true sale, how to adopt the form of SPV, how the guarantee the risk insulation of SPV, and how to evaluate the value, all of which means a lot when we concretely actualize the securitization of movie and television work.We should adopt a separate way to legislate in order to bring the securitization of movie and television works into the whole system of assert securitization, amend the definition and regulation went against the assert securitization, take the adjustment of Trust Law ,for example, the regulation for the legal position of assert securitization means we should synchronously add some interrelated regulation for SPV, which can make the legal position, legal quality and legal form of SPV become approbated.