Note 14 - Copyright Fees:

During the twelve months ended April 30, 2026, copyright fees of $9,590,000 were 7.8% below fiscal 2025. During the twelve months ended April 30, 2025, copyright fees of $10,397,000 were 13.8% below fiscal 2024. During the twelve months ended April 30, 2024, copyright fees of $12,067,000 were 10.4% below fiscal 2023. As of April 30, 2026, total third party sponsored assets were $8.27 billion, as compared to $9.01 billion in assets at April 30, 2025.