Imagination TV, Inc. Retains Legal Counsel to Demand Accounting From ClearVision Airport Television Network

Nov 05, 2014, 19:29 ET from Imagination TV, Inc.

LOS ANGELES, Nov. 5, 2014 /PRNewswire/ -- Imagination TV, Inc. (OTC Pink: PNCH), Imagination TV. (Formerly named IC Places, Inc.) announces today it has retained the Law Office of Greg Loomis for the preservation of Imagination TV's rights under a written Content Agreement entered into on March 12, 2012 with ConnectiVISION / ClearVision Networks to run on their networks which would allow ConnectiVISION / ClearVision to broadcast Imagination TV's shows in certain Hospitals, Clinics, Doctor's Offices and Airport locations nationally.

The Content Agreement provided that ClearVision/ConnectiVISION "shall use its best efforts to broadcast [Imagination TV's] content."

Further, The Content Agreement's compensation clause states that "upon securing advertiser sponsorship attached to any IC Places (Currently named Imagination TV, Inc.) content; ClearVision/ConnectiVISION and IC Places will split any revenue generated from advertisers sponsorship 50%/50%. Payment upon receipt of advertising revenue."  In addition, the Content Agreement permits Imagination TV to request "monthly written report[s] showing the number of locations and names of the venues where content aired and the number of viewers."

Shortly after signing the agreement, Imagination TV began to deliver episodes of The Hollywood Fast Lane and Travel Tech to air over the ConnectiVISION / ClearVision Airport Networks.  Travel Tech was produced specifically by Imagination TV, Lodestar Film and Tension Films for the ConnectiVISION / ClearVision Airport Networks.

Sept. 12, 2012 via PRNewswire in a joint press release, David Tetreault, Chief Marketing Officer at ClearVision/ConnectiVISION stated… "Our partnership with 'IC Places' (the company's former name) sets in motion the creation of original programming that is appealing and highly relevant to our viewers in airport environments throughout the U.S. We are extremely excited about the prospects of Travel Tech and its appeal to our advertisers and brands who demand a cohesive integration of their messages into our overall programming experience."

According to a November 7th 2013 Clear Channel Outdoor press release titled "Cleveland Hopkins International Airport (CLE) to Offer Clear Channel Outdoor's ClearVision TV Network.  Local, National Businesses to Benefit from Dynamic Ad Platform Reaching CLE's Nine Million Annual Travelers", ClearVision is a partnership between Clear Channel Airports (CCA), a division of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), and ConnectiVISION Digital Networks and is headquartered in Burbank, CA.

According to ClearVision's website, ClearVision is a dynamic television network programmed to enhance the airport experience for busy travelers on-the-go. ClearVision's roster of over 200 programming partners (which Imagination TV was one of)  features top television content that spans Entertainment, Lifestyle, Music, News and Sports. ClearVision's quality programs and balanced lineup are at the foundation of its success in connecting with millions of air travelers throughout the United States.

ClearVision targets frequent flyers in the busiest airports by running content 18 hours a day during the busiest travel times. Our system allows for multiple price points to accommodate National, Regional and Local clients through Pop-Up tower ads with no upload fees! Your existing or custom ads run as commercial inserts during major TV network programming for a fraction of the cost of traditionally executed TV campaigns!

Though not affiliated with Imagination TV, according to the http://clearvisiondigitalnetwoks.com website, a sample of other content on the network includes America's got Talent, 60 Minutes, Blue Bloods, CBS This Morning, The Good Wife, How I Met Your Mother, Hawaii Five-0, CBA Evening News and The Big Bang Theory.

Also according to the company website currently ClearVision runs in Raleigh NC, New Orleans, Denver Cleveland and Dallas airports.

Since inception of the Content Agreement, Imagination TV has periodically requested in writing the information that demonstrates the number of locations and names of the venues where its content aired and the number of viewers and what advertising revenues where received.  Each time Imagination TV made this request, ClearVision/ConnectiVISION failed to supply any information.  As recently as September 1, 2014,  ClearVision/ConnectiVISION, through their attorney, has refused to provide any information, including any information regarding ClearVision/ConnectiVision's contractual obligation to use its best efforts to broadcast Imagination TV's shows, in order to determine any applicable accountings to honor the 50/50 revenue sharing Content Agreement.

"We relied on the revenue potential the ClearVision/ConnectiVISION offered us." said Steven Samblis, Chairman of Imagination TV.  "We produced and delivered content specifically for the Airport Network at a great expense.  Shareholders over the years have ask us where the revenues are from this agreement and  all the work we put into it.  We can offer no answers because we have no way to knowing what we may be owed because they refuse to offer us any type of accounting.  All we are asking for is the broadcast history related to our Content in order to determine what revenues are due to us."  

About Imagination TV

Imagination TV is the first hosted self-help television network. It is built around the world's most fascinating motivators, educators and authors, the network's 24/7 hosted programming is geared to both inspire and entertain.

Imagination TV was founded by business man and self-improvement pioneer Steven Samblis and has brought in top names from the self-help industry such as Greg S. Reid and Simon T. Bailey.

The network is also beginning production on an impressive slate of original content for the network. 

Imagination TV is available free via www.myImaginationTV.com and FilmOn.com—the largest digital television provider with over 40 million unique users a month. Via www.myimaginationTV.com, viewers can browse and purchase videos and ebooks based on the programming they've just watched.

Imagination TV is Now Airing Original Content… 

The network's first original show, UnCommon Denominator, hosted by Steven Samblis and European pop star and former MTV VJ, Tamee Harrison, has begun production in Glendale, CA.  The focus is on interviewing the top moguls on the planet to find out what trait they have that is key to their greatness—and how viewers can apply that to their lives.

Imagination TV Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

CONTACT: +1-323-362-2428, info@myimaginationtv.com

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SOURCE Imagination TV, Inc.