Round 5 collectibles announced today that it has signed an exclusive global licensing agreement with Bruce Lee Enterprises to produce Bruce Lee-themed collectibles, toys and games until 2015.
Via Round 5 press release:
“We are honored to be working with a brand with such a storied legacy as Bruce Lee,” Lau said. “We feel that we can use this opportunity to broaden the reach of both Bruce Lee and Round 5 into the niche collectible and mainstream arenas as there is already so much synergy between our brands.”
Shannon Lee, President & CEO of Bruce Lee Enterprises and daughter of Bruce Lee, believes Round 5 is the perfect partner to carry her father’s legacy into the 21st century.
“We are constantly approached by companies that want to create products under the Bruce Lee name, but we always knew we wanted to wait until we found a company that would adequately compliment my father’s legacy,” said Lee. “We are so very proud to have found Damon Lau and Round 5, we believe that Round 5 will honor my father’s name and create products that will respect his legacy.”
Development on Bruce Lee products has begun and Round 5 expects Lee products by the fall of 2011.
Payout Perspective:
As you may recall, in addition to Bruce Lee, Round 5 has a licensing deal with the UFC. This move helps Round 5 in the combat sports market as Bruce Lee is still a very popular figure amongst fight enthusiasts. For Bruce Lee Enterprises, its a good move considering the work and exposure Round 5 has received working with the UFC.
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