Table of Contents San Francisco Bay Area in May 1987, and they will terminate if the company and its subsidiaries cease using Mr.Schwabs name and likeness. For estimated payments to Mr.Schwab under his license agreement, please refer to the Termination and Change in Control Benefits Table below.
Our subsidiary, TTS, creates music, novels, and films from its creative properties and manufactures related merchandise, primarily sold direct to consumer. Existing products may be found at www.tothestars.media. Media and merchandising of original intellectual property brands account for 45% of TTS’s revenues, and TTS also sells merchandise, music, books, and films. Examples include Poet Anderson, Strange Times, Sekret Machines, Love Movie, and The Lonely Astronaut. TTS is also the exclusive licensee of Angels and Airwaves, Cathedrals of Glass, Tom DeLonge’s professional name and likeness. To The Stars, Inc. has a strong existing retail customer base, and we believe it is able to nimbly respond to demand for various products that it then sells through its brick and mortar store in Encinitas, CA and worldwide through its ecommerce store. More than 90% of TTS’s revenues is derived from its online operations.