OverviewLicensing can create a lucrative form of income for the entertainer. A license may also be required when using someone else’s work within your own projects, like a song in a movie or a TV show that plays in the background during a film. This discussion will help you explore various concepts in licensing.Please note: Your Initial Post is due by Wednesday at 11:59 pm PT. The Class Discussion remains open after the Wednesday deadline for yourReply Posts, which are due by Sunday at 11:59 pm PT.Initial PostChoose one of the articles below and read it: Players, Game Makers Settle For $40M The $500M Battle Over Disney’s Princesses The Hangover II Must Go OnShare your thoughts on the questions below. Research is not required, but if you represent the thoughts, ideas, words, or images of others, be sure to give credit and cite your sources by indicating the author, date, title, and website link where this information was found.Discuss the following: What are the main issues discussed in the article? How do you think licensing is involved? What type of licensing was discussed? What was the final outcome of the dispute? Do you think this was the appropriate outcome? Explain why or why not. Do you think the companies involved made the right decisions? Explain whyor why not. After reading the article, what are you interested in knowing more about inthe area of licensing? Review the following website, especially the definition of licensing and the different types of licensing:Licensing.Org. What is licensing? Share two types of licensing that you find most interesting and briefly explain them.