All video service providers within the City shall be required to pay franchise fees on advertising revenues as defined as the net revenue received by the video service provider for advertising on its subscription-based video service within the City. If the revenue is derived under a regional or national compensation contract or arrangement between the video service provider and one or more advertisers or advertising representatives, the amount of revenue derived by the applicable locality shall be determined by multiplying the total net revenue received by the video service provider under the contract or arrangement by the percentage resulting from dividing the number of subscribers in the City by the total number of regional or national subscribers that potentially receive the advertising under the contract or arrangement.
(Ord. 125-2007. Passed 10-23-07.)