11. Related Party Transactions

For the Current Nine Months, the Company paid less than $0.1 million to Galore Media, Inc. in relation to certain marketing services to promote the Company’s brands and for the rights to certain warrants of Galore Media, Inc. as compared to none during the Current Quarter, Prior Year Quarter and Prior Year Nine Months. Management believes that all transactions were made on terms and conditions no less favorable than those available in the marketplace from unrelated parties.

For both the Prior Year Quarter and Prior Year Nine Months, the Company incurred less than $0.1 million in consulting fees in connection with a consulting arrangement entered into with Mark Friedman, a member of the Company’s Board of Directors, relating to the provision by Mr. Friedman of investor relations services. Such consulting agreement was terminated on May 3, 2016. There were no such consulting fees incurred during the Current Quarter or Current Nine Months.

The Company has entered into certain license agreements in which the core licensee is also one of our joint venture partners. For the Current Quarter, Current Nine Months, Prior Year Quarter and Prior Year Nine Months, the Company recognized the following royalty revenue amounts:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Joint Venture Partner
Global Brands Group Asia Limited ⁽¹⁾	$	6,472	$	922	$	14,168	$	2,640
Buffalo International ULC		—		3,000		690		10,258
Rise Partners, LLC / Top On International Group Limited		—		1,150		695		1,650
M.G.S. Sports Trading Limited		188		152		405		449
Pac Brands USA, Inc.		74		90		197		313
Albion Equity Partners LLC / GL Damek		448		641		1,366		1,487
Anthony L&S		98		—		98		—
MHMC⁽²⁾		450		292		1,350		895
	$	7,730	$	6,247	$	18,969	$	17,692

⁽¹⁾

Global Brands Group Asia Limited also served as agent to Peanuts Worldwide in respect of the Greater China Territory for Peanuts brands. As of June 30, 2017, due to the completion of the sale of the Entertainment segment, Global Brands Group Asia Limited is no longer a related party in its capacity as agent of Peanuts Worldwide. For the Prior Year Quarter and Prior Year Nine Months, Global Brands Group Asia Limited earned fees of approximately $1.0 million and $2.4 million, respectively, in its capacity as agent to Peanuts Worldwide, which have been recorded within discontinued operations in the Company’s condensed consolidated statement of operations.

⁽²⁾	MHMC became a related party to the Company in July 2016 upon consummation of an agreement between a Company subsidiary and MHMC to sell to MHMC up to an aggregate 50% ownership interest in Umbro China. Refer to Note 4 for further details.