(EXHIBIT 10.41)
[NEW LINE CINEMA LETTERHEAD]
VIA FAX
310/▇▇▇-▇▇▇▇
December 5, 1995
▇▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇
RE: ▇▇▇▇▇/TERM SHEET AGREEMENT
Dear ▇▇▇▇▇▇▇:
▇▇▇ ▇▇▇▇▇▇ asked me to provide you with a summary of the applicable terms of the
New Line/Savoy deal as relates to ▇▇▇▇▇▇▇ ▇▇▇▇▇ and "Pinocchio". These are as
follows:
1. PRODUCTION/POST-PRODUCTION. In connection with production and post-
production of "Pinocchio", New Line and Savoy share all of Savoy's creative,
business, administrative and other controls, with New Line having the right to
break any deadlock. New Line has the right to take any reasonable actions it
deems necessary on Savoy's behalf if ▇▇▇▇▇ fails to cooperate as reasonably
required by New Line after reasonable notice thereof. New Line has the right to
exercise all of Savoy's cutting rights with respect to "Pinocchio", including
final cutting rights.
2. EXERCISE OF DISTRIBUTION RIGHTS. New Line has been granted all of Savoy's
distribution rights in "Pinocchio" (including ancillary rights). With respect
to those worldwide ancillary rights which ▇▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇ have agreed to
"coordinate" with Savoy having the last word, New Line has succeeded to these
rights. New Line has acknowledged that a number of licenses are already in
place, and New Line has agreed not to exploit its rights in contravention of
these licenses. I understand that ▇▇▇▇▇ ▇▇▇▇▇▇, our head of merchandising, has
been in touch with your merchandising department.
3. REMAKES/SEQUELS. New Line has been granted ▇▇▇▇▇'▇ rights in
remakes/sequels to "Pinocchio".
4. SUMS PAYABLE TO SAVOY. To the extent that ▇▇▇▇▇▇▇ ▇▇▇▇▇ is to repay Savoy
for any advances made by ▇▇▇▇▇ to or on ▇▇▇▇▇▇▇ ▇▇▇▇▇'▇ behalf, such sums, prior
to delivery to New Line, should be paid to Savoy. After delivery to New Line,
they should be paid to New Line.
Please feel free to call me with any questions. My phone number is 310/967-
6793.
Kind regards,
[Signature of Avy]
▇▇▇ ▇▇▇▇▇▇▇▇▇
Vice President
Business and Legal Affairs
AE:▇▇
▇▇▇▇▇/Mark1205.02L
cc: ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇ (by fax)
▇▇▇▇ ▇▇▇▇▇ (by fax)
▇▇▇▇▇ ▇▇▇▇▇▇▇▇
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