Subhash Ghai-promoted film producing company, Mukta Arts announced today that it has signed a contract with Zee Entertainment Enterprise (ZEEL) for the satellite rights of its 29 films for five years.
This new deal will be valid from the time the current deal expires. The entire deal is worth Rs 20 crore and would be paid during the current financial year, stated a release sent to the Bombay Stock Exchange.
The revenue, however, from the deal will be recognised in the profit and loss account based on the dates on which the rights commence for each film, clarified the company.
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