Harrington then approached Grassie with a private placement document (prospectus and subscription agreement) for Sky Capital entities.

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Each of the investors stated that they had signed off on a prospectus for their investment and even acknowledged that they could sustain a loss in the event the investment went bad (Subscription Agreement).

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The agreement spans the first subscription pay TV and pay-per-view windows, enabling Sky Movies to show releases from Entertainment Film Distributors across its On Demand service and channels, and on a rental basis via Sky Store and Sky Movies Box Office.

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In addition to the launch of the new channel, the agreement gives Sky Movies the first subscription pay TV movie rights in the UK and Ireland to other titles distributed by Disney, including new movies from Lucasfilm, and also Marvel Studios features such as Iron Man 3 and Avengers Assemble, which will be broadcast across the Sky Movies portfolio of channels.

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With this agreement in place, Apple would have the entire subscription base of China Mobile, about 660 million, as possible to iPhone users.

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Under the terms of the licensing agreement, Sky Movies customers will have an exclusive window of subscription access to NBCUniversal titles after they have ended their run in UK cinemas.

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Publishers aren't in agreement over whether to include free access to digital copies as part of a print subscription.

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China Mobile has been seeing their subscription numbers stall, due in large part from people migrating to the other Chinese carriers that already have an agreement with Apple.

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