The media conglomerate ZEEL has announced that it will have fixed fee deals with distribution platform operators (DPOs). The arrangement will work till the new tariff order of the Telecom Regulatory Authority of India’s (TRAI), which is currently sub-judice, is implemented.
In the fixed fee deals, TV channels are carried in the base pack of the DPO which will ensure higher reach for channels. The DPOs have to pay a fixed fee for carrying all the channels of a broadcaster. This ensures the broadcaster have a wide reach which is very important for maintaining viewership share which in turn helps in securing the ad revenue.
ZEEL’s subscription revenue had dropped 15.5% to Rs 501.7 crore during the quarter ended 30 September due to sale of sports business.
Recently, Essel Holdings has offloaded its 1.44% stake in ZEEL for Rs 825.15 crore. Its total stake till 31 December was 4.64 crore shares or 4.83%. The sale was done through an open market transaction.
The sale of shares was done at Rs 595.13 apiece. The buyers of the shares are not disclosed.
ZEEL’s subscription revenue had dropped 15.5% to Rs 501.7 crore during the quarter ended 30 September due to sale of sports business.
Recently, Essel Holdings has offloaded its 1.44% stake in ZEEL for Rs 825.15 crore. Its total stake till 31 December was 4.64 crore shares or 4.83%. The sale was done through an open market transaction.
The sale of shares was done at Rs 595.13 apiece. The buyers of the shares are not disclosed.
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