hurcorh (and all), we are on for Monday morning, see announcement below. It seems to indicate that the ASX requested clarification of the agreement with Lenovo... now provided (and suspension lifted), but not to a degree that means you will miss out on all that cool and free suspense!
Beyond Media provides additional details of terms with PC manufacturer
Highlights:
-Beyond Media is developing a 3D/2D movie platform for a large PC Manufacturer
-The platform will be available on Windows devices in the US
-The platform will be compatible with Mobile Virtual Reality devices
Yonder & Beyond Ltd (ASX:YNB) has been asked to expand on the details of its strategic agreement with a leading PC manufacturer. As part of this deal Beyond Media will deploy a 3D & 2D movie platform in the United States of America (US).
This strategic agreement positions Beyond Media as a potential partner for all types of digital content providers, and enables the company to engage previous and potential content partners to get on board the Y-Hub platform. Beyond Media will deliver content on the Y-Hub platform.
The content will be a mixture of premium and free content on a subscription or a pay per view basis. Beyond Media will deliver content with the clients brand and are integrating with a single ID provided as part of the sign up process on all these devices. The agreement is a non-binding letter of intent, with the parties currently working on the first long form agreement and have simultaneously commenced work on the first stage earlier this month.
The initial term is for a year. It is not known exactly how many devices that the product will be available on over the course of the initial agreement as this will be dependent on the number of device sales and number of devices that will be backwards compatible that are already in market, however no maximum distribution has been set, with the first geographical area to be serviced being the United States of America (US).
In the first stage of the agreement, the parties will share revenue generated from the service, and are working together to expand the product road map. Further commercial terms are to be finalised as the product road map receives final scope approval. The total revenue implications of this first agreement can not yet be quantified, as this requires finalisation of scope around, and completion of platform customisation, and will vary based on total devices shipped, advertising and content sales.
The product launch is expected to occur on completion of platform customization for the client. Phase 1 of this customization is expected to be complete for launch this year. Following the launch it will be deployed with all new compatible devices in the US and then made available to compatible devices already in market.
(20min delay)