Exhibit 10.20
CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR A PORTION OF THIS DOCUMENT.
THE OMITTED PORTION IS INDICATED BY ASTERISKS (*)
Discovery Communications Incorporated
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May 19, 1997
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Lancit Media Entertainment Ltd.
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Dear ▇▇▇▇:
This letter will confirm the points that have been agreed between
Lancit and Discovery Communications, Inc. ("DCI") regarding the Discovery
Channel Kids block (the "Block"):
1. Based on Lancit's commitment to provide DCI with a range of
programming opportunities suitable for exhibition as part of the Block, DCI
shall license and air a minimum of one-sixth of the Block of programming from
Lancit.
2. DCI shall order a minimum of thirteen (13) half-hours per year
for a minimum of two years from Lancit It is expected that the first series of
half-hours will air in calendar 1998 or sooner.
3. DCI's minimum air commitment shall expand proportionately as the
Block expands. For example, if DCI expands the Block to six hours of
programming, DCI would license and air one hour of Lancit-produced programming.
4. The license fee that DCI shall pay per program for such
Lancit programming shall be ****************************************************
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Please sign in the space below to confirm Lancit's acceptance of
these points. I will then ask our Legal Department to prepare a formal agreement
incorporating these items.
Sincerely,
DISCOVERY COMMUNICATIONS, INC.
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
ACKNOWLEDGED AND AGREED:
LANCIT MEDIA ENTERTAINMENT, LTD.
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
