FB Licensing Agreement7 Feb 2020 22:44
The 9 month Agreement will end in March/April - always wondered whether this would lead to some other news/ties close to/after this date ;-)
Thu, 4th Jul 2019 12:00
RNS Number : 4966E
EVR Holdings PLC
04 July 2019
EVR Holdings plc ("EVR" or the "Company") MelodyVR licenses content to Facebook Technologies LLC
EVR Holdings plc (AIM:EVRH), the leading creator of virtual reality entertainment content and operator of the MelodyVR platform, is pleased to announce that it has entered into a content licensing agreement with Facebook Technologies, LLC ("Facebook").
The agreement will see MelodyVR's content utilised by Facebook/Oculus for advertising purposes and licenses its exploitation across YouTube, Facebook, Instagram, and via the Oculus Website, for a period of 9 months. As part of the agreement, MelodyVR will receive a license fee which it will in-part, share with the rightsholders whom represent the artists featured within the content.
Facebook will also provide MelodyVR with a number of marketing commitments including; featured placements on the Oculus platform and in email marketing as well as inclusion in PR communications and activities in relation to the advertisements, details of which will be mutually agreed between Melody and Oculus at a later date.