The two MSOs will jointly negotiate all-India subscription agreements as well as carriage-cum-placement agreements for DAS notified and non-DAS markets with broadcasters
BestMediaInfo Bureau | Mumbai | September 18, 2015
Hathway Datacom & Cable and GTPL have entered into a mutual alliance to jointly negotiate all contracts related to content and carriage with all broadcasters going forward.
All-India subscription agreements as well as carriage-cum-placement agreements for DAS notified and non-DAS markets and all commercials mutually agreed by both entities with the broadcaster will be applicable to all its subsidiaries and associate entities as well.
Commenting on this development, TS Panesar, President - Video Business, Hathway, said, “Our mutual understanding with GTPL will bring in better synergies with a more focused, proactive approach in order to build clarity within the value chain, avoid duplication of time and effort, thus, paving the way for systematic functioning .”
Anirudh Singh Jadeja, Managing Director, GTPL, added here, “We are happy to align collectively to negotiate all further deals as it will ensure that resources are best utilised and optimum output is achieved.”
Hathway had acquired a 50 per cent stake in GTPL in 2007, however, the two MSOs continued to function independently.
Hathway is currently involved in a slew litigations, most notably against Multi Screen Media Distribution, on issues related to subscription fees and non-renewal of contracts.