The Board of Directors in their meeting held today, inter alia, considered and approved entering into Franchise Agreements with Time Out Market Limited and Time Out England Limited, respectively.
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Quint Digital Ltd (QDL) has signed franchise agreements with UK-based Time Out Market Limited and Time Out England Limited (collectively 'Time Out Group') to launch 'Time Out India'. The partnership covers two areas: Time Out Media, a digital city guide (timeout.com/india) featuring curated editorial content on food, culture, arts, and events across Indian cities, and an exclusive option to explore bringing Time Out Markets — curated food and cultural destinations — to India. Time Out currently operates 11 such Markets globally in cities like New York, Chicago, and Dubai. QDL will pay franchise fees including exclusivity fees and site pre-development fees. The digital launch is targeted for later this year. QDL described this as its expansion from media-tech into the retail and lifestyle commerce segment.
This is a diversification move for QDL into lifestyle and experiential commerce, leveraging the global Time Out brand. For shareholders, it opens a new revenue stream beyond digital media, but near-term financial impact depends on franchise fees, market rollout costs, and advertiser uptake — details of which were not disclosed.