03
SECTIONS 5 & 6
The Luxembourg Master License
The Master License grants exclusive rights to operate the Monamedia brand, technology and business model across the entire Grand Duchy of Luxembourg.
5.1 · The Luxembourg market
Luxembourg's advertising market is compact, concentrated, and still largely anchored in traditional media, while global advertising spend has already shifted to digital. In 2025, the Espace Pub / Nielsen audit recorded €128.2 million of gross commercial advertising investment in Grand Duchy media, excluding social networks. Print, outdoor and radio still account for the bulk of that spend. This is the space in which theFIVE™ is positioned: verifiable, local digital advertising that neither a newspaper page nor a Meta banner can substantiate.
128,2 M€
2025 media ad spend, excluding social
691 000
residents (STATEC, 1 Jan 2026)
1
exclusive territory. France, Belgium, Germany: other licensees, out of scope
+3,5 %
year-on-year change, 2024 β 2025 (Espace Pub / Nielsen)
The user territory is the Grand Duchy: 691,000 residents. Cross-border workers residing in France, Belgium or Germany remain within their own licensee's territory. This license confers exclusivity in Luxembourg. It does not extend to the Greater Region.
Commercial development in Luxembourg is relationship-driven, rather than dependent on programmatic scale. Retail (Cactus, Lidl), banks (Spuerkeess and the financial centre), telecommunications (POST) and EU institutions form a concentrated, solvent pool, accustomed to defending advertising spend before a board. This dossier does not claim these organisations as existing clients. It records that they are identifiable.
Worldwide digital share of total media ad spend (eMarketer, Worldwide Ad Spending Forecast, various years): 43.5% (2018), roughly 50% (2020), roughly 66% (2022), and more than 75% for the first time in 2025. Luxembourg internet share of the audited pige: 8.96% in 2018 (Espace Pub / Nielsen Ad'Report 2018) and 13.3% in 2020 (Nielsen MediaXim pige of β¬128m). Comparable Luxembourg digital shares for 2022 and 2025 are not published; the 2025 Espace Pub / Nielsen audit still excludes social networks. The two series do not share the same perimeter. The chart shows the gap.
5.2 · What the License Includes
- Exclusive Luxembourg territory, with no internal competition from another licensee.
- Immediate launch on a platform already in production (app, dashboard, back office).
- No technical development to fund, and no platform setup fee. Local go-to-market cost (sales, users, merchants) remains the licensee's.
- A fully scalable model developed at the licensee's own pace.
- Choice of brand: the Monamedia brand, or the licensee's own local brand.
- Dedicated account manager, real-time dashboard, Attention Store access, and the Monamedia anti-fraud engine.
- Full access to the whole ecosystem described in Chapter 2.
- Six pillars are live. MonaMatch (pillar 07) is planned, not yet active. The license does not depend on it to launch.
5.3 · License Cost
€50,000
Master License, Luxembourg territory (one-time payment)
This one-time fee covers territorial exclusivity, access to the technology and the brand, and launch support. It does not include ongoing local operating costs (marketing, sales team, and similar), which remain the licensee's responsibility. At Luxembourg's scale, €50,000 is an exclusive-territory entry fee, sized to the market.
In active mode, the breakeven threshold on the €50,000 entry fee stands at approximately €92,800 of Territory Revenue: roughly 31 EventPacks at €3,000, or about 0.07% of the 2025 audited market. The fee is not a commercial discount. It is calibrated to the actual scale of the territory.
5.4 · Key terms, fixed before payment
- Term and renewal: duration, renewal, and the exclusivity window are written into the license agreement before the €50,000 is paid. These elements are not left implied.
- Revenue Target: the performance bands in Chapter 5 are measured against a Territory Revenue target agreed in that same contract. This dossier does not set that figure. It is agreed in the contract before signature.
- Territory: the Grand Duchy, based on the user's residence. A resident of France, Belgium or Germany is not in this license, even if they work in Luxembourg.
- Passive mode: the 20% sales commission is paid to whichever independent commercial network actually closes the sale (a local network, or a network appointed with Monaco). The licensee still receives 33.9% of Territory Revenue without a local sales team. No network is named in this dossier; it is agreed at signature.
- Disputes: unjustified termination or Step-In is judged by a Monaco court.
- Watch2Help: the automatic donation share funds Luxembourg causes, not a Monaco-based charity.
6 · Revenue Split
Monaco HQ collects a 10.0% Master License Fee, a global royalty covering brand, technology, support and global structure. The remainder, 33.9% of Territory Revenue, goes to the Luxembourg Master Licensee as base revenue, received even if passive (i.e. sales handled by an independent commercial network). In passive mode, the 20% sales commission is paid to whichever independent commercial network actually closes the sale; that network is agreed at signature and is not named in this dossier. If the licensee is active (running its own local sales force instead of paying an independent network), it additionally captures the 20.0% sales commission. A fully active licensee can receive up to 53.9% of Territory Revenue. The remaining balance, roughly 46.1% passive or 26.1% active, goes to user rewards, Watch2Help, and referral rewards, paid directly to the community and foundations regardless of licensee status.