PTVLA Sample Clauses

PTVLA. PEGI will program the PTVLA Service with three ----- types of programming, as follows: (a) "Playboy Programming", which is programming produced, co-produced or owned by PEGI or one of its affiliates, or which is programming acquired by PEGI or one of its affiliates for multiple territories around the world; (b) "Venture Acquired Programming", which is programming acquired by PEGI or one of its affiliates specifically for PTVLA,; and (c) Venture-produced Programming, which is programming produced by the Venture according to Section 12.2 PEGI will determine the mix of Playboy programming and Venture Acquired Programming. PEGI and Bloomfield will mutually determine the manner in which the *** Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Venture-produced Programming is scheduled. The 180 hours of New Programming (as defined in Section 9.2 above) supplied by PEGI each fiscal year will include a mix of Playboy Programming and Venture Acquired Programming. As per the Business Plan, the following are the targets for the programming mix of such 180 hours: Year 1 90% Playboy Programming 10% Venture Acquired Programming Year 2 85% Playboy Programming 15% Venture Acquired Programming Year 3 80% Playboy Programming 20% Venture Acquired Programming Year 4 and 75% Playboy Programming Thereafter 25% Venture Acquired Programming The parties acknowledge that these are target ranges and that PEGI will use its reasonable efforts to meet these targets. Any variance of more than 5% from these targets will be subject to the Venture's approval. As noted in Section 12.2.5, Venture-produced Programming will be in addition to the 180 hours of New Programming supplied by PEGI each fiscal year.
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