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Monica Talley, a director in trademark, discusses the importance of trademark licensing for enhancing brand value and generating revenue. Trademark licensing allows trademark owners to permit third parties to use their marks, benefiting the owners through expanded brand awareness and sales. It's a significant revenue stream, with global retail sales of licensed products exceeding $200 billion annually. This strategy is appealing to brand owners as it facilitates entry into new product categories and geographic markets that may be challenging to tackle independently. Historically, top trademark licensors have been found in entertainment, fashion, and luxury sectors.
