Zeel to launch WION in august & get 7% commission

Zeel to launch WION in august & get 7% commission
Zee Media Corporation Ltd (ZMCL) will launch its English news channel WION (World-Is- One-News) in August. The business plan for the launch of the channel was approved at the board meeting of the company today. WION, which is headed by Rohit Gandhi as the editor-in-chief, will report global news and issues from a South Asian perspective. The company had recently received three TV channel licences, including WION, from the Ministry of Information and Broadcasting (MIB).ZMCL has also terminated its distribution arrangement with Taj Television India, a wholly owned subsidiary of Zee Entertainment Enterprises Ltd (ZEEL). The arrangement with Taj was valid for a period of three years till 31 March 2017.Taj was getting 14 per cent commission fee from ZMCL for distributing the latter’s channels. With ZEEL subsuming the distribution business by moving it from Taj TV, the ZMCL board has also accorded in-principle approval for entering into a new agreement for distribution of television channels. The company will share seven per cent subscription revenue with ZEEL, a sister company, as commission for distributing its channels. The board of ZMCL has authorised the company secretary to initiate actions required to seek approval of unrelated shareholders for the proposed transaction between the company and ZEEL for distribution of television channels.
Zee Media to launch English news channel WION in August; ZEEL to get 7% commission for distributing news channels | TelevisionPost.com

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