Common use of Home Video Clause in Contracts

Home Video. The parties shall negotiate in good faith as to which party hereto will exploit in the Territory “Home Video” (as defined below) in order to maximize revenues therefrom. Net Revenues from Home Video shall be split seventy percent (70%) to Licensor and thirty percent (30%) to SNI. The foregoing revenue split shall apply to any Home Video product or offering containing (1) any Event, and/or (2) any other Elite XC-related material created by or for SNI during the Term. In connection with any Home Video distribution of any Event(s) or content as contemplated hereby, Licensor agrees that SNI’s name and logo (in the format provided to Licensor by SNI) shall be placed in a prominent manner on each Home Video (including DVD and any other format) box and in any and all Promotional materials relating to the Home Video distribution of such Event(s) and/or content. Notwithstanding the foregoing, SNI shall no longer be entitled to its share of the Home Video revenue as set forth hereunder with respect to each Event for any exploitation of such Event in Home Video that takes place beginning ten (10) years after the date of such Event.