Corporate News     22-Dec-20
UFO Moviez forays into film distribution
UFO Moviez India announced its foray into film distribution with an intent to consolidate and position itself as a one-stop pan India film distributor. Extending its distribution operations across the length and breadth of the country and helping theatres re-open with an assured line-up of content, it will begin by presenting 11 Hindi films with an aim to release on an average at least one film every week in 2021. With this, the network seeks to build a robust professional architecture which can effectively handle the film distribution throughout India using its own infrastructure.

Redefining the category, UFO Moviez will provide ease-of-access of content to cinemas for single screen and independent multiplexes every week and enable independent filmmakers to release their content to a wider set of audience. The endeavor is guided by a three-fold objective model promoting a) fee-based film distribution, b) Virtual Print Fee (VPF) as a percentage of box-office revenue instead of upfront fixed charge,and c) zero-content risk. The endeavor is to ensure films get a wide release under a totally de-risked business model.

To begin with, UFO Moviez has also partnered with Jio Studios for the nationwide distribution of their upcoming movies Ram Prasad ki Tehrvi and Aadhar.

Previous News
  UFO Moviez India reports consolidated net loss of Rs 26.68 crore in the June 2021 quarter
 ( Results - Announcements 30-Jul-21   08:09 )
  UFO Moviez India reports consolidated net loss of Rs 18.89 crore in the March 2022 quarter
 ( Results - Announcements 27-May-22   08:13 )
  UFO Moviez India grants 10.93 lakh stock options under ESOP
 ( Corporate News - 15-Jan-21   16:06 )
  UFO Moviez India to announce Quarterly Result
 ( Corporate News - 06-Aug-19   17:57 )
  UFO Moviez India schedules board meeting
 ( Corporate News - 27-Jan-24   15:43 )
  UFO Moviez India consolidated net profit declines 50.71% in the June 2018 quarter
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  UFO Moviez India standalone net profit declines 50.15% in the June 2018 quarter
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  UFO Moviez India to table results
 ( Corporate News - 29-Jul-20   16:57 )
  UFO Moviez advances after brokerage buy call
 ( Hot Pursuit - 07-Dec-17   14:28 )
  UFO Moviez India allots equity shares
 ( Corporate News - 03-May-16   17:12 )
  UFO Moviez India reports consolidated net loss of Rs 0.33 crore in the December 2022 quarter
 ( Results - Announcements 07-Feb-23   07:36 )
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