LOS ANGELES, Nov. 5, 2014 /PRNewswire/ -- Imagination TV, Inc.
(OTC Pink: PNCH), Imagination TV. (Formerly named IC Places, Inc.)
announces today it has retained the Law Office of Greg Loomis for the preservation of Imagination
TV's rights under a written Content Agreement entered into on
March 12, 2012 with ConnectiVISION /
ClearVision Networks to run on their networks which would allow
ConnectiVISION / ClearVision to broadcast Imagination TV's shows in
certain Hospitals, Clinics, Doctor's Offices and Airport locations
nationally.
The Content Agreement provided that ClearVision/ConnectiVISION
"shall use its best efforts to broadcast [Imagination TV's]
content."
Further, The Content Agreement's compensation clause states that
"upon securing advertiser sponsorship attached to any IC Places
(Currently named Imagination TV, Inc.) content;
ClearVision/ConnectiVISION and IC Places will split any revenue
generated from advertisers sponsorship 50%/50%. Payment upon
receipt of advertising revenue." In addition, the Content Agreement
permits Imagination TV to request "monthly written report[s]
showing the number of locations and names of the venues where
content aired and the number of viewers."
Shortly after signing the agreement, Imagination TV began to
deliver episodes of The Hollywood Fast Lane and Travel Tech to air
over the ConnectiVISION / ClearVision Airport Networks. Travel Tech
was produced specifically by Imagination TV, Lodestar Film and
Tension Films for the ConnectiVISION / ClearVision Airport
Networks.
Sept. 12, 2012 via PRNewswire in a
joint press release, David
Tetreault, Chief Marketing Officer at
ClearVision/ConnectiVISION stated… "Our partnership with 'IC
Places' (the company's former name) sets in motion the creation of
original programming that is appealing and highly relevant to our
viewers in airport environments throughout the U.S. We are
extremely excited about the prospects of Travel Tech and its appeal
to our advertisers and brands who demand a cohesive integration of
their messages into our overall programming experience."
According to a November 7th 2013
Clear Channel Outdoor press release titled "Cleveland Hopkins
International Airport (CLE) to Offer Clear Channel Outdoor's
ClearVision TV Network. Local, National Businesses to Benefit from
Dynamic Ad Platform Reaching CLE's Nine Million Annual Travelers",
ClearVision is a partnership between Clear Channel Airports (CCA),
a division of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), and
ConnectiVISION Digital Networks and is headquartered in
Burbank, CA.
According to ClearVision's website, ClearVision is a dynamic
television network programmed to enhance the airport experience for
busy travelers on-the-go. ClearVision's roster of over 200
programming partners (which Imagination TV was one of) features top
television content that spans Entertainment, Lifestyle, Music, News
and Sports. ClearVision's quality programs and balanced lineup are
at the foundation of its success in connecting with millions of air
travelers throughout the United
States.
ClearVision targets frequent flyers in the busiest airports by
running content 18 hours a day during the busiest travel times. Our
system allows for multiple price points to accommodate National,
Regional and Local clients through Pop-Up tower ads with no upload
fees! Your existing or custom ads run as commercial inserts during
major TV network programming for a fraction of the cost of
traditionally executed TV campaigns!
Though not affiliated with Imagination TV, according to the
http://clearvisiondigitalnetwoks.com website, a sample of other
content on the network includes America's got Talent, 60 Minutes,
Blue Bloods, CBS This Morning, The Good Wife, How I Met Your
Mother, Hawaii Five-0, CBA Evening News and The Big Bang
Theory.
Also according to the company website currently ClearVision runs
in Raleigh NC, New Orleans, Denver
Cleveland and Dallas
airports.
Since inception of the Content Agreement, Imagination TV has
periodically requested in writing the information that demonstrates
the number of locations and names of the venues where its content
aired and the number of viewers and what advertising revenues where
received. Each time Imagination TV made this request,
ClearVision/ConnectiVISION failed to supply any information. As
recently as September 1, 2014,
ClearVision/ConnectiVISION, through their attorney, has refused to
provide any information, including any information regarding
ClearVision/ConnectiVision's contractual obligation to use its best
efforts to broadcast Imagination TV's shows, in order to determine
any applicable accountings to honor the 50/50 revenue sharing
Content Agreement.
"We relied on the revenue potential the
ClearVision/ConnectiVISION offered us." said Steven Samblis, Chairman of Imagination TV. "We
produced and delivered content specifically for the Airport Network
at a great expense. Shareholders over the years have ask us where
the revenues are from this agreement and all the work we put into
it. We can offer no answers because we have no way to knowing what
we may be owed because they refuse to offer us any type of
accounting. All we are asking for is the broadcast history related
to our Content in order to determine what revenues are due to
us."
About Imagination TV
Imagination TV is the first hosted self-help television network.
It is built around the world's most fascinating motivators,
educators and authors, the network's 24/7 hosted programming is
geared to both inspire and entertain.
Imagination TV was founded by business man and self-improvement
pioneer Steven Samblis and has
brought in top names from the self-help industry such as
Greg S. Reid and Simon T. Bailey.
The network is also beginning production on an impressive slate
of original content for the network.
Imagination TV is available free via www.myImaginationTV.com and
FilmOn.com—the largest digital television provider with over 40
million unique users a month. Via www.myimaginationTV.com, viewers
can browse and purchase videos and ebooks based on the programming
they've just watched.
Imagination TV is Now Airing Original Content…
The network's first original show, UnCommon Denominator, hosted
by Steven Samblis and European pop
star and former MTV VJ, Tamee
Harrison, has begun production in Glendale, CA. The focus is on interviewing the
top moguls on the planet to find out what trait they have that is
key to their greatness—and how viewers can apply that to their
lives.
Imagination TV Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on the current plans and
expectations of management and are subject to a number of
uncertainties and risks that could significantly affect the
company's current plans and expectations, as well as future results
of operations and financial condition. A more extensive listing of
risks and factors that may affect the company's business prospects
and cause actual results to differ materially from those described
in the forward-looking statements can be found in the reports and
other documents filed by the company with the Securities and
Exchange Commission. The company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
CONTACT: +1-323-362-2428, info@myimaginationtv.com
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SOURCE Imagination TV, Inc.