PLBY Group Enters Multi-Year Global Product License Agreement With Thai Nippon Rubber Industry; TNR To Design, Produce, Promote, And Distribute Condoms And Lubricants Using Playboy Trademarks; PLBY Group To Receive Royalty Payments With Minimum Guarantees
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PLBY Group has entered a multi-year global product license agreement with Thai Nippon Rubber Industry (TNR). TNR will design, produce, promote, and distribute condoms and lubricants using Playboy trademarks. PLBY Group will receive royalty payments with minimum guarantees.
July 16, 2024 | 12:05 pm
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PLBY Group has entered a multi-year global product license agreement with Thai Nippon Rubber Industry. This partnership will see TNR design, produce, promote, and distribute condoms and lubricants using Playboy trademarks, with PLBY receiving royalty payments with minimum guarantees.
The agreement is likely to positively impact PLBY Group's revenue streams through guaranteed royalty payments. The use of Playboy trademarks on new products could enhance brand visibility and market penetration.
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