Phoenix New Media Limited (NYSE: FENG) has entered into a new set of agreements with its parent company, Phoenix Satellite Television Holdings Limited, to replace their previous cooperation agreements that expired on May 27, 2016, the company said.
Under the new agreements, Phoenix TV agreed to continue to license its copyrighted content and trademarks to the company´s affiliated consolidated entities subject to certain revisions to the terms contained in the previous cooperation agreements. Phoenix TV agreed to grant the company´s affiliated consolidated entities the license and priority over any third party to broadcast Phoenix TV´s copyrighted video content on ifeng.com, i.ifeng.com and ifeng News, ifeng Video and ifeng VIP in China concurrently with Phoenix TV´s broadcasting of such content on its own television network and to broadcast such content on the above Internet and mobile channels of the company thereafter.
Phoenix TV agreed to grant the company´s affiliated consolidated entities a non-exclusive license to use Phoenix TV´s copyrighted text and graphics on the same Internet and mobile channels of the company in China for which Phoenix TV´s copyrighted video content license, above, was granted.
Phoenix New Media Limited is a leading new media company in China, providing content on an integrated platform across Internet, mobile and TV channels in China.