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| Exchange Disseminated Time | Mediaone Global Entertainment Ltd has submitted to BSE a Press Release.
Press Release:
"Advance transmission technology set to earn Rs. 900 crore by revolutionising distribution of cinema content.
Mediaone Global Entertainment Ltd (Mediaone) has today signed as joint venture with Avon Global Solutions Pvt. Ltd for a breakthrough technology developed product called SecureDuct. Through this, the present costing of acquiring a film print will be revolutionised. The cost of acquiring a movie will be reduced to almost nothing from the current cost of approximately Rs. 80,000. This is a direct saving for the cinema owners. Not only they save on the print cost, they can earn from other program inbuilt.
The total investment required for roll out of this state-of-the-art technology product will be Rs. 110 Cr and the revenue earned during the first 3 year period is estimated to be over 900 Cr." (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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