Tata Sky has said it is close to signing a deal with broadcaster Star India.
Tata Sky MD & CEO Harit Nagpal “We have broadly arrived at an agreement, however, the final contours of the agreement is still being worked out,” Tata Sky MD and CEO Harit Nagpal told TelevisionPost.com.
In November, Star India had issued a disconnection notice to Tata Sky on account of non-signing of subscription agreement by the DTH operator.
Having paid Rs 16,347.5 crore for the Indian Premier League (IPL) media rights till 2022, Star is looking at a major upside in the subscription revenue.
Incidentally, Star and Tata Sky are closely linked as the former’s parent company 21st Century Fox, directly and indirectly, holds 30 percent stake in the DTH operator.
Star India develops, produces and broadcasts 69 channels in SD and HD in eight languages. While Tata Sky had an active subscriber base of 15.02 million out of total DTH active pay subscriber base of 65.31 million, as on 30 June. – Indian DTH