Back

TMO

-2.33%
NEUTRAL

Time Out Group Announces New Franchise Agreement to Launch Time Out India

Why we think this is neutral

This RNS announcement is a general update on a new franchise agreement to launch Time Out in India. It does not contain any of the mandatory news types such as contract news, order news, trading update, or annual results. Therefore, the sentiment is assessed as neutral.

Key Points

  • New franchise agreement to launch Time Out India
  • QDL to launch digital Time Out India channels including timeout.com/india
  • Franchise agreement includes 3-year exclusive option for QDL to explore Time Out Market opportunities in India
  • Time Out to receive ongoing franchise fees and exclusivity/pre-development fees for Markets without capital expenditure

Summary

The global media and hospitality company has entered into a franchise agreement to launch Time Out India, including digital channels and a potential future Time Out Market opportunity.

Time Out Group plc (AIM: TMO) has announced a new franchise agreement with Quint Digital Limited (QDL), India's leading media-tech company, to launch Time Out India. The agreement includes the launch of digital Time Out India channels and the potential for QDL to explore future opportunities to invest in, open and operate Time Out Markets in India. This partnership aims to further expand the Time Out brand and build a city-focused ecosystem in India through digital content and physical Markets.

Key Dates

2025
Potential launch of Time Out Markets in India
GENERAL UPDATE