Imagination TV, Inc. Withdraws From Its Agreement With Nine Mile Entertainment to Produce the Annual 9 Mile Music Festival
Imagination TV, Inc. (IMTV) has withdrawn from its agreement with Nine Mile Entertainment to produce the annual 9 Mile Music Festival, due to a substantial increase in the production budget for the March 9, 2019 event.
On August 9, 2018, Imagination TV. entered into an agreement with Nine Mile Entertainment to co-produce the annual 9 Mile Music Festival. Juan Areco, the Company's CEO commented, "At the time we entered into the agreement there was a preliminary budget for...