Mukta Arts Ltd has sold satellite telecast rights of its entire movie library of 11 films to Sony Entertainment Television India Private Ltd (SET) for Rs 16.1 crore. The contract is for a period of five years.
The company's library include films such as Hero, Karma, Trimurti, Karz, Ram Lakhan, Saudagar, Khalnayak, Pardes, Taal, Yaadein and Rahul.
According to the deal, the telecast of four films — Yaadein, Pardes, Taal and Rahul — have been restricted to four times every year while the others can be telecast more number of times.
According to company sources, the arrangement with SET is solely for satellite telecast rights. Mukta Arts continues to be free to sell its library rights to cable television and for terrestrial telecast.
Source: Business Line