Item 1.01.                              Entry into a Material Definitive Agreement.

On October 4, 2006, Watchit Media USA, Inc. (“Watchit USA”), a wholly owned subsidiary of Watchit Media, Inc. (the “Company”), entered into a television programming licensing agreement (the “Agreement”) with MediaZone.  Under the Agreement, Watchit USA will produce and present Las Vegas lifestyle television programming for MediaZone’s internet broadcast television platform.  Watchit USA will receive revenue from the sale of advertising time on its television programming and on pay-per-view programming that is presented on its internet broadcast television platform.  The Agreement is for three years and is renewable.

Item 9.01                               Financial Statements and Exhibits.

 (c) Exhibits

Exhibit Number

 

Description

10.1

 

Television program licensing agreement dated October 4, 2006 by and between Watchit Media, Inc. and MediaZone.

 

 

 

99.1

 

Watchit Media, Inc. press release dated October 12, 2006 announcing its Agreement with MediaZone.

 



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.

 

 

WATCHIT MEDIA, INC.

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ James Lavelle

 

 

 

 

James Lavelle

 

 

 

 

Chief Executive Officer

 

Dated: December 8, 2006



Exhibit Index

Exhibit Number

 

Description

10.1

 

Agreement by and between Watchit Media, Inc. and MediaZone.

 

 

 

99.1

 

Watchit Media, Inc. press release announcing its Agreement with MediaZone.