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Saturday, August 19, 2017 2:27:04 PM
From INTV 8-K
Distribution Agreement with Viva Entertainment Group, Inc.
On June 6, 2017, the Company signed a Distribution and Inventory Financing Agreement with Viva Entertainment Group, Inc. (“Viva”) for the distribution by the Company on a non-exclusive basis in the territory of North America and exclusive basis in the territory of Puerto Rico of Viva’s OTT system, through which television services are delivered using the Internet protocol suite over a network such as the Internet, instead of being delivered through traditional terrestrial, satellite signal and cable television formats.
The initial term of the Agreement is two years, renewable for additional two year terms unless terminated by a party prior to the commencement of a new term. Under the Agreement, Viva may provide inventory financing for the Company. Distribution under the Agreement would commence upon delivery by Viva of a fully functioning OTT viewing experience with a channel lineup of no less than 1,000 channels.
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