Hi folks,
I'm starting a clothing accessories company and was wondering whether anyone has an idea of the ballpark range for licensing a nationally-recognized branded character, e.g. Elmo? I'm sure the costs depend on a number of variables and have to be negotiated with the license holder, but if anyone has experience or has heard of past deals and could give me a dollar range for any deal, that would be appreciated. I really have no idea if we're talking $50K, $100K, $250K or more, but I suspect toward the higher end. I just want some information before I approach any license holders.