ALL GOOD THINGS: We recognize that the past several hours have been especially challenging and we are extremely grateful for your patience, understanding and continuing contributions to ALOTT5MA’s success. We understand that the speculation about the blog’s future has created uncertainty for each of you and we truly appreciate your ongoing professionalism and performance.
I must reluctantly report that ALOTT5MA, L^3 and The Yin Blog have reached a mutual agreement terminating our joint venture. (Prof. Althouse departed separately and preemptively. Her lawyers are good.)
Under the agreement, the parties will remain co-chairs of Tung's Minutes of Five More Libidinal Althouses on a non-exclusive basis through the end of April 1, 2005. During this period, we will focus our efforts on completing posts currently in production.
ALOTT5MA has agreed to surrender all naming rights and claims to the intellectual property of the joint venture, as well as its right to release movies under the name "Miramax Films". We retain the right to collaborate with Scott and Tung on future products, including, but not limited to, making fun of sequels to hit film franchises like Scary Movie and Spy Kids.
We are incredibly grateful for the chances we havebeen given at Tung's Minutes of Five More Libidinal Althouses over the past day. As bloggers, we truly appreciate the unique opportunities we have had to work with some of the greatest talent, both on the internet and off, and we look forward to further collaborations on groundbreaking projects.