Licensing/Subsidiary Rights Sample Clauses

Licensing/Subsidiary Rights. It is anticipated that Producer will develop the Play as set forth in paragraphs 4 and 5 above, and following such development, Producer intends to license the Play to Music Theatre International. Authors shall be entitled to collectively receive thirty-three and one third percent (33 1/3%) of the net income derived by the sale or license of any “Subsidiary Rights” (as defined below) in the Play using Authors’ Materials. As used herein, the term “Subsidiary Rights” shall mean worldwide live stage dramatico-musical performances of any kind (e.g., stock and amateur performances mentioned in the first sentence of this subsection), motion picture, television, and other audiovisual rights in the Play if and at such time as said rights may be allowed to be exploited, radio rights, cast/concept albums, and any other rights defined as Subsidiary Rights under the APC, provided that Subsidiary Rights shall not include proceeds from “Music Publishing Rights” (which are retained by the composer/lyricist). For the purpose of clarity, Authors shall have no right to exploit Subsidiary Rights and Producer shall have sole control over any and all Subsidiary Rights dispositions.
Sample 1
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