According to the report, Zee had a content sourcing agreement with
MGM for the last four years and the Zee-MGM English channel commanded
a market share of around 17 per cent.
In the report Trigunayat said that MGM had no equity participation
in the venture and both parties were free to call off the agreement
if they desired so.
"Even as we had the partnership with MGM, many of the movies
on the channel were being sourced from other players like Paramount
and Miramax. Thus we can go solo, taking the content from various
partners," he has been quoted in the report as saying.
He said that after four years of existence in the market along
with MGM, the channel had developed enough expertise in marketing
and distribution, adds the report.