SVOD Rights definition
Examples of SVOD Rights in a sentence
Notwithstanding the foregoing, with respect to any royalty obligations to third parties arising out of GTV’s exercise of the SVOD Rights, GTV will render accounting statements and pay royalties to Gaiam Brand; and Gaiam Brand, in turn, will render accounting statements and pay royalties to the applicable third parties.
In furtherance of GTV’s assumption and performance of those obligations, Gaiam Brand will provide to GTV true and correct copies of the relevant provisions of all agreements relating to the exploitation of the SVOD Rights in the Existing Owned AV Works and applicable New Owned AV Works (including royalty and accounting provisions).
Notwithstanding anything to the contrary expressed or implied herein, the SVOD Rights herein granted by Gaiam Brand to GTV include, without limitation, the “Comcast Television VOD Rights” granted to Gaiam Brand pursuant to that certain Digital Distribution Agreement dated as of January 1, 2014 between EM Productions, LLC and Gaiam Americas, Inc.
The SVOD Rights include the right to offer promotional “clips” of the Sub-Licensed AV Works on the GTV Service, provided that no such “clip” shall exceed two (2) minutes in duration.
Gaiam Brand hereby grants to GTV the exclusive option (the “SVOD Option”) to acquire the SVOD Rights in any New Owned AV Work produced during the Transition Period, except in any instance where Gaiam Brand’s rights in a particular New Owned AV Work do not include SVOD Rights.
For good and valuable consideration, the adequacy and receipt of which are hereby acknowledged, Gaiam Brand hereby irrevocably grants, conveys, transfers and assigns to GTV, on a quitclaim basis, all of Gaiam Brand’s rights to exploit the SVOD Rights in and to the Existing Owned AV Works, except in any instance where Gaiam Brand’s rights in a particular Existing Owned AV Work do not include SVOD Rights.
If GTV acquires the SVOD Rights in any New Owned AV Work pursuant to this paragraph, then GTV’s SVOD Rights in such New Owned AV Work will subsist throughout the universe and in perpetuity, except in any instance where Gaiam Brand’s rights in a particular New Owned AV Work are subject to a territorial limitation and/or an earlier expiration or termination date.
With respect to all Existing Owned AV Works and any New Owned AV Works where GTV acquires the SVOD Rights, GTV agrees to assume all of the obligations of Gaiam Brand relating to the exercise of the SVOD Rights (including, without limitation, any royalty obligations to third parties).
For each Sub-Licensed AV Work which has not previously been delivered to GTV, Gaiam Brand will deliver the Delivery Materials (as defined and detailed on Schedule B annexed hereto) to GTV, at GTV’s expense, promptly following the date on which the SVOD Rights in such Sub-Licensed AV Work are first available for exploitation.
The “Sub-Licensed AV Works” means all long-form audiovisual works relating to fitness, yoga, wellness or personal development which have been or shall be licensed to Gaiam Brand prior to the Spin-Off Date, but only if the rights licensed to Gaiam Brand include the SVOD Rights and Gaiam Brand is permitted to sublicense such rights to GTV pursuant to its license with the owner or licensor of the Sub-Licensed AV Works.