Deals24 Jun 2024, 09:04 pm
Catvision Limited Secures Exclusive Rights to Broadcast ABC Australia Channel in India, Generating INR 1 Crore Annually
AI Summary
Catvision Limited has obtained approval from the Ministry of Information and Broadcasting, Government of India, to downlink and broadcast the ABC Australia Channel, operated by the Australian Broadcasting Corporation. The agreement with the Australian Broadcasting Corporation grants Catvision Limited exclusive broadcasting rights for the ABC Australia Channel in India, generating approximately INR 1,00,00,000 per annum. The agreement is valid for 10 years, and the broad consideration is USD 118,896 per annum.
Key Highlights
- Catvision Limited has been granted approval by the Ministry of Information and Broadcasting, Government of India, to downlink and broadcast the ABC Australia Channel.
- The agreement with the Australian Broadcasting Corporation grants Catvision Limited exclusive broadcasting rights for the ABC Australia Channel in India.
- The agreement will generate approximately INR 1,00,00,000 per annum for Catvision Limited.
- The agreement is valid for 10 years, providing long-term revenue potential for Catvision Limited.
- The broad consideration for the agreement is USD 118,896 per annum.