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| Exchange Disseminated Time | Goldstone Technologies Ltd has announced that the Company has formed an alliance with U.S. based Legend Films, Inc. to jointly market colourization services world-wide. As new distribution channels are opening up in the form of DTV, HD-TV, HD-DVD, IPTV, and Digital Cinema, the demand for wholesome content is increasing. The Company is ready to meet this challenge with colourization and restoration technology developed by Legend Films and a highly trained and talented staff in Hyderabad. Also, the Company has procured world-wide rights for 12 Indian feature films including the recently announced colour production of Hum Dono staring Dev Anand. Work on Hum Dono and one of the South Indian movie is already in progress at Hyderabad. The Company proposes to handle this business through its subsidiary Goldstone Media Ltd.
The partnership was formed under an exclusive Goldstone / LegendFilms Technology licensing agreement. Legend Film's patented restoration and colourization technology and its recent innovation in colour correction represent the latest and most advanced colour effects processes in the world. The partnership identifies world-wide territories which the two Companies will address cooperatively using their separate colourization operations.
The Company would be producing feature film resolution restoration and colourization as well as a full complement of high-end special effects. With its creative staff and Goldstone / LegendFilms Technology, the Company intends to acquire Indian films to create its own library of classic content for theatrical presentation and all digital distribution channels. |
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