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Technology Stocks : USAI, 61% stake in Ticketmaster Online-CitySearch IPO
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To: Bald Man from Mars who wrote (37)11/24/1998 10:30:00 PM
From: Urlman   of 391
 
FROM CNET (CNWK) 10Q:

Pursuant to an amended agreement, effective July 1, 1996, between the Company and USA Networks, USA Networks licensed the right to carry the Digital Domain on its networks for an initial one-year term for a fee equal to the cost of production of those programs up to a maximum of $5.2 million. In January 1997, USA Networks agreed to extend the agreement for an additional year beginning July 1, 1997 and revenues were again limited to the costs of producing such programs, subject to a maximum amount of $5.5 million. During the second quarter of 1998, the Company and USA Networks entered into an agreement for an additional year of programming beginning July 1, 1998. The agreement added a fourth program to the Digital Domain called Cool Tech and decreased the length of The Web from 60 minutes to 30 minutes. Revenues are limited to the costs of production, subject to a maximum of $5.9 million.
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