EXHIBIT 10.41
BARTER SYNDICATION AGREEMENT
MEMORANDUM OF AGREEMENT, made as of January 5, 1996, between SABAN
ENTERTAINMENT, INC. ("Saban"), and FOX BROADCASTING COMPANY, INC. ("Fox").
Saban and Fox hereby agree as follows:
1. Saban hereby engages Fox to provide barter advertising sales for the 1996-97
broadcast season of the Saban Kids Network ("SKN") television programming,
consisting of the following series (collectively "SKN Series"):
a. Monday-through-Friday strip series:
(1) Saban's Masked Rider
(2) Samurai Pizza Cats
b. Once-per-Week series:
(1) Saban's Adventures of Xxxxxx Twist
(2) Dragon Ball Z
(3) Eagle Riders
(4) Sweet Valley High
(5) The Why Why Family
Saban reserves the right, in its sole discretion, to determine the split between
local and national advertising in each SKN Series program broadcast and to
replace any of the SKN Series.
2. Fox will sell the barter advertising time Saban makes available in the SKN
Series programs during the 1996-97 broadcast season. Fox's services will
include ad sales, sales administration, account maintenance, ratings processing,
credit and collection, sales data entry and reporting, and commercials broadcast
standards and practices. Saban reserves the right to designate all or any
portion of the spot inventory for Saban's clients and/or for Saban's own use.
3. In consideration of the services rendered by Fox to Saban hereunder, Saban
will pay Fox a barter advertising sales fee of $800,000, payable in installments
of $200,000 each on September 15, 1996, December 15, 1996, March 15, 1997, and
June 15, 1997.
4. Saban agrees to engage Global and Dubs to effect the physical distribution
of SKN Series programs for the 1996-97 broadcast season; provided, however,
Saban will have no obligation to continue to use either Global or Dubs, Saban
will pay all physical distribution costs directly.
5. This memorandum of agreement sets forth the entire understanding between
Saban and Fox regarding the subject matter hereof and may not be modified except
in writing signed by the party to be bound. This memorandum of agreement will
be interpreted under California law. Federal and state courts (as applicable)
located in Los Angeles County, California, will have exclusive jurisdiction in
resolution of disputes arising between Saban and Fox with respect to this
memorandum of agreement constitutes the legally binding agreement between Saban
and Fox.
AGREED AND ACCEPTED:
SABAN DOMESTIC SERVICES, INC. FOX BROADCASTING COMPANY
By /s/ Xxx Xxxxx By /s/ X. Xxxxxxxx
_____________________ __________________
Its Its Executive Vice President
