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spoonjim
on April 22, 2022
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Listerine Mouthwash Royalties
There is also an administrative cost to auditing and paying these royalties.
kingcharles
on April 22, 2022
[–]
Right, it's not insignificant. Buying up all the available royalties would reduce this factor to zero for JnJ.
spoonjim
on April 22, 2022
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There might be so many individual holders that buying up all the royalties would be infeasible and they are not even going to try. I can imagine with inheritances from 1881 the royalty stream might be owned by 100+ different entities by now.
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