GreenVision Acquisition Corp filed SEC Form 8-K: Entry into a Material Definitive Agreement
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Item 1.01 Entry into a Material Definitive Agreement
Helbiz Media Italy, S.R.L., a subsidiary of Helbiz, Inc. (“Helbiz”), entered into an Agreement for the International Media Rights – Season 2021-22, 2022-23, 2023-24 (the “Agreement”) with Sonoma Sports & Entertainment LLC (“Sonoma”). Under the Agreement, Helbiz grants Sonoma the right to sublicense live matches and highlights of the Italian Lega Nazionale Professionisti B (“Serie B”) soccer matches (the “Audiovisual Rights”) in the United States, United States Territories, and the Caribbean (the “Territories”).
The grant of the Audiovisual Rights for the Caribbean is non-exclusive and the parties agreed to carveout non-exclusive OTT rights allowing Helbiz to exercise directly the OTT rights in the USA in Italian Language only.
Furthermore, under the Agreement, Sonoma is permitted to enter into a sub-distribution agreement with Fox Sports 1, LLC (“Fox”) for all or part of the Audiovisual Rights in the Territories granted by Helbiz. On September 3, 2021, Sonoma and Fox entered into an Agreement for the International Media Rights – Season 2021-22, 2022-23, 2023-24 (the “Sub-distribution Agreement”). Under the Sub-Distribution Agreement, Sonoma has agreed to indemnify and hold Fox harmless against claims arising from the Sub-Distribution Agreement, the matches broadcast under the Sub-Distribution Agreement and the contents of such matches and warrants that it shall maintain for the duration of the Sub-Distribution Agreement and one year afterward, commercial general liability insurance and media liability insurance.
On June 18, 2021, Helbiz was appointed by Lega Nazionale Professionisti (LNP) as its exclusive international tv and media rights distributor for the Serie B Championship, for 3 seasons 2021-2022, 2022-2023 and 2023-2024.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 23, 2021
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Helbiz, Inc.
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| By: | /s/ Salvatore Palella | |
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Name: Title: |
Salvatore Palella Chief Executive Officer | |