Smithsonian Institution: Additional Information Should Be Developed and Provided to Filmmakers on the Impact of the Showtime Contract Page: 20 of 55
This report is part of the collection entitled: Government Accountability Office Reports and was provided to UNT Digital Library by the UNT Libraries Government Documents Department.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Figure 1: Timeline of Key Negotiation and Oversight Actions
Smithsonian Board of Regents actions = " " - "
Spring 2002
SBV developed a preliminary business plan for a television venture.
Late spring 2002
SBV developed a concept package and sent it out to prospective media partners.
June 17, 2002
Board of Regents meeting: SBV Chief Executive Officer (CEO) introduced the
concept of "Smithsonian on Demand" television.
Summer 2002
SBV explored the concept with 18 major media companies.
August 2002
Negotiations commenced with the one company that expressed interest in developing a more definitive structure and offered initial terms favorable to the Smithsonian.
May 5, 2003
Board of Regents meeting: SBV CEO reported that he had been in negotiations with
a company for 9 months and that it was the only company of those solicited that
offered to provide the degree of investment in programming and distribution needed,
while also allowing the Smithsonian to share in the revenue stream and retain
certain editorial controls.
Board authorized the Secretary to enter into a licensing and joint venture agreement
as proposed with the media company for the formation and operation of a television
channel.
June 2003
SBV and media company signed formal term sheet.
September 22, 2003
Board of Regents meeting: Secretary an SBV CEO updated the board on the
negotiations. The board reviewedhe degree ofe preliminary term sheet and deemed it
consistent with the structure and principal business terms contemplated at the last
Board of Regents' meeting.GAO-07-275 Smithsonian's Contract with Showtime
Page 16
Upcoming Pages
Here’s what’s next.
Search Inside
This report can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Report.
United States. Government Accountability Office. Smithsonian Institution: Additional Information Should Be Developed and Provided to Filmmakers on the Impact of the Showtime Contract, report, December 15, 2006; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc298598/m1/20/: accessed April 17, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.