Exchange4Media.com: UFO Moviez, the digital cinema network launched by Valuable Media Pvt Ltd, plans to create the largest chain of digital cinema houses worldwide in India by 2007. UFO Moviez plans to build 500 digital movie halls by mid-2006 at an investment of Rs 80 crore and scale it progressively to 2,000 cinema halls across India at a total investment of Rs 300 crore.
Announcing the launch, Onkar S Kanwar, Chairman and MD, Apollo Group, said, “Digital cinema is a prime example of how Indian technology whiz kids have adopted technology to deliver the best of content even to the remote Indian towns and villages.
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