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July 27, 2005
Global Music International, Inc. Signs Content License Agreement With MobileVision Communications Ltd Beijing China
Global Music International, Inc. intending to provide music video content to the wireless telecom industry through known content distributors, announced that Mobilevision Communications Ltd. Beijing, China (Mobilevision) has informed Global that MobileVision intends to launch Global's music video programming on China Unicom's mobile phone network on or about August 1st. The streaming media service by MobileVision is initially offered as a pilot commercial program without charge. Global agreed to participate in this pilot program by providing the content to MobileVision without charge during this period.
Starting on October 1, 2005, Mobilevision intends to charge for the streaming service. The revenue sharing and payment terms between Global and MobileVision will take effect starting on the same date of commercial service. The program will become a subscription-based service as a stand-alone premium channel. MobileVision will also be making available the music video content from Global on its WAP Portal pages http://www.looklook.cn and in links contained in its WAP push messages through China Unicom's network.
Global entered into a content license agreement with Mobilevision Communications Ltd. Beijing, China for distribution of its music video programming on a subscription basis for broadcast on mobile phones in China on July 13, 2005 (See 8k) 7/15/05. The terms of the agreement give Mobilevision the rights, on a non-excusive basis, to distribute Global's music video content and to promote and market Global's music video programming in China. In addition, Mobilevision will handle all streaming and encoding of Global's content, as well as track, receive and distribute payment to Global on a monthly basis. The term of the agreement is for one year with automatic renewals subject to Global's approval.
Posted by BIGBAER at July 27, 2005 12:32 PM
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