Dear Publisher,
We are contacting you on behalf of our client, Equinox Media LLC (“Equinox”), with a license opportunity in connection with their multimedia platform featuring high-quality fitness and lifestyle content.
In the coming months, Equinox will be launching a transformative at-home bike and digital fitness app that allows users to stream exclusive video and audio content from brands like SoulCycle, Precision Run, HeadStrong, and more—wherever, whenever. Equinox sees the future of fitness as a hybrid of digital and in-person experiences, and knows from listening to its communities that this is something people are craving. Equinox believes your music is an important component to motivating and inspiring our members to realize their full potential on every ride, run and beyond—and this platform offers the opportunity for your music to reach new and different audiences alongside iconic and beloved fitness brands. Your music won’t just be heard on our platform, it will (literally) move our members, and empower them to pursue their happiest, healthiest selves. To bring this vision to life, Equinox would like to consider your music as part of its content library, making it available for potential future playlists to accompany its ever growing library of fitness classes that will reach a broad and highly-engaged audience.
The main deal points of Equinox’s license offer are as follows (capitalized terms not defined in this email have the meaning ascribed to them in the license agreement):
Grant of Rights: Publisher will grant Equinox, on a non-exclusive basis, all rights necessary (excluding public performance and communication to the public rights) to use and exploit any and all musical works owned, controlled and/or administered by Publisher (or its affiliates) for the purpose of creating, reproducing, streaming, and recording content (including audio-only and audiovisual programming) incorporating such musical works (“Licensed Music Content”) and to enable Equinox’s subscribers and authorized users to access the Licensed Music Content on Equinox’s Platform. For the avoidance of doubt, the license agreement does not grant any public performance or communication to the public rights.
- Royalties: Publisher will receive from Equinox its pro rata share of Subscriber and Per Screen fees, as applicable, paid to Equinox for access to the Platform, through which the Licensed Music Content is made available. Royalties will be subject to exclusions and fee adjustments as outlined in the license agreement.
Territory: The license agreement covers the United States and, at Equinox’s election, Canada. The license agreement also covers Equinox’s right to initially incorporate Publisher’s musical works into Licensed Music Content to be made available on the Platform in the United Kingdom, should Equinox elect to launch the Platform in the United Kingdom. The same is true for Canada.
- Term: The term of the license agreement (the “Term”) begins on the effective date of the license agreement and continues for two years from the commercial launch of Equinox’s Platform (the “Initial Period”). Following the Initial Period, the Term of the license agreement will be automatically extended for additional periods of one year each (each, a “Renewal Period”). Either party may terminate the Term effective as of the last day of the Initial Period or the then-current Renewal Period (as applicable) by giving notice to the other party.
To review and consider Equinox’s license offer:
Click HERE to log into your MusicReports.com account and review the proposed license agreement. If it is acceptable to you, simply check the box to confirm you have read the agreement, then click the "I Agree" button to accept the terms. You can then download a full copy of the agreement from the “My Licenses” page in your account.
Best regards,
Music Reports, Inc.
| 
No comments:
Post a Comment