Property Damage: Licensing Industry Sags

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LOS ANGELES Politicians stumping for high office aren’t the only ones talking about the sluggish economy, through-the-roof gas prices and the mortgage meltdown. It’s top-of-mind with property owners and their licensing partners as the annual Licensing International Expo (better known as the Licensing Show) opens this week in New York before its cross-country move to Las Vegas next summer.

The toy business, thought to be somewhat recession-proof, has been hit by higher costs for essential materials, manufacturing and shipping, along with recalls that continue to take a bite out of marketers’ revenues.

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