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EXHIBIT 10.24
KING WORLD F.S.C. CORPORATION
830 Morris Turnpike
Short Hills, New Jersey 07078
Dated as of July 11, 1995
Unilever NV
c/o Mr. Pierre-Marie Guiollot
President - Director General
E.C. Television Paris
115 rue de Bac
75007 Paris
France
Dear Pierre:
Reference is made to the agreement between Unilever NV ("Unilever"),
through its then agent Lintas International Limited ("Lintas"), and King World
F.S.C. Corporation ("KW"), through its then agent Buena Vista International,
Inc. ("BVI"), dated June 2, 1988, as amended as of June 13, 1989, as of
September 19, 1991 and as of June 13, 1994 (the "Original Agreement"). Unless
otherwise specified herein, all defined terms herein shall have the meanings
set forth in the Original Agreement. All Dollar amounts shall mean United
States Dollars. The amendments to the Original Agreement hereunder shall become
effective on the commencement of the Second Extended Renewal Period (as defined
in Paragraph A below). Unilever and KW agree to amend the Original Agreement
as follows:
A. The License Term shall be extended for the period January 1, 1996
through December 31, 1996 (the "Second Extended Renewal Period").
B. The guaranteed minimum license fee during the Second Extended
Renewal Period shall be equal to *********************************************
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.
C. With respect to telecasts of Wheel in France, the royalty payable
to KW by Unilever for each telecast of each episode of Wheel during the Second
Extended Renewal Period shall be *********************************************
.
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D. With respect to telecasts of Wheel in Spain, the royalty payable to
KW by Unilever shall be an amount equal to ************************************
E. With respect to telecasts of Wheel in Italy, the royalty payable to
KW by Unilever shall be an amount equal to ************************************
F. (a) With respect to telecasts of Jeopardy in Germany, Austria,
Lichtenstein and Alto Adige, as well as German-speaking Luxembourg and
German-speaking Switzerland (collectively, the "German Speaking Territories"),
the royalty payable to KW by Unilever for each telecast of each episode of
Jeopardy during the Second Extended Renewal Period (the "German Royalty")
shall be **********************************************************************
(b) The German Royalty shall not be subject to any other
increases, adjustments or premiums; provided, however, that in the event that
Unilever's licensee receives any advertising from Jeopardy telecasts in any
of the German Speaking Territories (other than Germany), then, in addition to
the applicable German Royalty, Unilever shall pay an additional royalty to KW
calculated as follows: ******************************************************
G. Except with respect to telecasts of Wheel in France (the royalties
for which are set forth in Paragraph C above), telecasts of Wheel in Spain (the
royalties for which are set forth in Paragraph D above), telecasts of Wheel in
Italy (the royalties for which are set forth in Paragraph E above), and
telecasts of Jeopardy in the German Speaking Territories (the royalties for
which are set forth in Paragraph F above), with respect to all countries within
Territory A, the Royalty Rate for each such country during the Second Extended
Renewal Period shall be ******************************************************
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H. Unilever shall consult with KW on a meaningful basis on any and all
sales presentations made by Unilever, and KW shall be informed by Unilever of
any and all discussions regarding the launch or license renewal of either
Series. Without limitation of the foregoing, in the event that Unilever
licenses either Series in any country in the Territory to a new telecaster-
licensee for a new production, or that the production entity of any existing
production of either Series is proposed to be changed, then, Unilever shall
cause KW to be afforded a right of first negotiation to produce or co-produce
such production. In the event that KW does not itself produce or co-produce
such production, KW shall have the right to approve the production entity for
such production, which approval shall not be unreasonably withheld or delayed
(any failure by KW to respond within 10 business days to a request by Unilever
for such approval to be deemed approval of such request by KW).
Except as modified hereunder, the Original Agreement shall remain in
full force and effect.
Very truly yours,
KING WORLD F.S.C. CORPORATION
By: /s/ Jonathan Birkhahn
--------------------------------
ACCEPTED AND AGREED TO:
UNILEVER NV
By: E.C. TELEVISION INC.
By: /s/ Pierre-Marie Guiollot
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SCHEDULE A
WHEEL OF FORTUNE and JEOPARDY!
License Fee Schedule For Calendar Year 1996
(Royalty Payment In US Dollars Per Episode Per Telecast)
Territories WHEEL JEOPARDY
Belgium ***** ***
Denmark ***** ***
Finland ***** ***
France ***** ***
German-Speaking Territories ***** ***
Greece ***** ***
Italy ***** ***
Netherlands ***** ***
Portugal ***** ***
Spain ***** ***
Sweden & Norway ***** ***
United Kingdom ***** ***
TBD Territories
Andorra
Iceland
Ireland
Luxembourg
Malta
Monaco