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                                                                   EXHIBIT 10.25

                           PRINCETON VIDEO IMAGE, INC.
                                15 Princess Road
                         Lawrenceville, New Jersey 08648

                                February 13, 2002

VIA REGISTERED MAIL

PVI Holding, LLC
c/o Cablevision Systems Corporation
1111 Stewart Avenue,
Bethpage, New York 11714
Attn: General Counsel

      Re: Notice of Warrant Adjustment

Dear Sirs:

      This Notice of Warrant Adjustment is being delivered to you pursuant to
Section 6.3 of that certain Warrant Certificate (the "Warrant") dated September
20, 2001 from Princeton Video Image, Inc. ("PVI") to PVI Holding, LLC ("PVI
Holding").

      On November 8, 2001, PVI sold 615,385 shares of Common Stock to Presencia
en Medios, S.A. de C.V. for the purchase price of $3.25 per share (the
"Presencia Sale"). In accordance with Section 6.1(e) of the Warrant, upon the
closing of the Presencia Sale, the number of Warrant Shares purchasable under
the Warrant was adjusted upward by 427,513.422 shares (the "Adjustment") to a
total of 11,899,421.422 shares. The method used to calculate the Adjustment is
set forth on Schedule A attached hereto. The Presencia Sale did not trigger any
adjustment to the Purchase Price of the Warrant Shares under Section 6.1(f) of
the Warrant.

      Except as expressly set forth above, the terms of the Warrant remain in
full force and effect as the same were in effect immediately prior to the
effectiveness of the Adjustment. Capitalized terms used but not defined herein
shall have the respective meanings ascribed to them in the Warrant.

                                                     Sincerely,


                                                     /s/ Lawrence L. Epstein

                                                     Lawrence L. Epstein
                                                     Chief Financial Officer

cc: Brian Tang, Esq.

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                                   Schedule A

                        Calculation of Warrant Adjustment

                                A        =        A+X
                                -                 ---
                                B                 B+Y

A  =   Original number of Warrant Shares underlying the Warrant

B  =   Number of Shares of Common Stock outstanding immediately prior to
       Presencia Sale

X  =   Number of additional Warrant Shares to be received upon exercise of the
       Warrant

Y  =   Number of shares of Common Stock issued to Presencia in Presencia Sale

                           11,471,908         =         11,471,908 + X
                           ----------                --------------------
                           16,513,258                16,513,258 + 615,385

                            .69470894         =      11,471,908 + X
                                                     --------------
                                                       17,128,643

                      11,899,421.4221         =      11,471,908 + X

                         427,513.4221         =      X

                         427,513.4221         =      X


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(1)   Pursuant to Section 6.2 of the Warrant, all final results of adjustments
      to the number of Warrant Shares shall be rounded to the nearest one
      thousandth of a share.