GV Films has started the new year with new deals. The company has informed the BSE that they intend to launch their webcasting division on the 19th of January, 2007. GV Films has a library of about 6000 films, and the webcasting division intends to target the Indian diaspora. They have also entered into a joint venture agreement with a Singapore based Tamil movie channel called Tamil Box Office, as a majority shareholder. The channel will go live on 26th of January.
Business of Cinema adds that GV Films has also acquired a five screen multiplex theatre in Singapore, which seats around 1300 persons.
The note to the BSE also claims that they expect the increase of bandwidth in India to 2mbps to create opportunities in India for streaming broadband content. Given that download limits apply to such upgrades, there isn’t a market yet. Anyway, despite the erratic connectivity (yeah, it still persists), I’m sure that these download limits will be removed; three-four years ago, when we were getting 32kbps, 256kbps was a distant dream.
Related:
– Chennai Based GV Films Looking To Acquire Film, Animation Content; Warner Brothers Eyeing Stake?
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