The latest press releases from different companies under one roof.

Tuesday, September 2, 2008

UFO Moviez Ltd, the world’s largest digital cinema network

UFO Moviez Ltd, the world’s largest digital cinema network, is the media initiative of the over USD 1 billion Apollo Group led by Mr. Onkar Singh Kanwar, Chairman and Managing Director, Apollo Group.
UFO Moviez, the path-breaking initiative, is spearheaded by founder directors Raaja Kanwar and Sanjay Gaikwad, professionals from the Media and Gaming Industry with rich and varied experience in Gaming, Technology, Television, Internet, Retail and Marketing. Set to revolutionize the way films are distributed and exhibited in India through its pioneering technology and infrastructure, UFO Moviez envisages a ‘FIRST DAY FIRST SHOW’ regime for film distributors and cinema owners across the country. The Company's strength lies in its innovative business approach, execution skills and focus on technology enabled business innovations.
Recently 3i, one of the worlds leading investment funds dealing in technology and innovative products took a strategic stake in UFO by investing Rs.1000 Million. The funds will be utilised to fuel UFO growth plans worldwide.
Today with over 1000 digital cinema installations, UFO has taken the Indian film industry by storm. Within a short span of one and a half years, the Company has become the worldwide market leader in its area of operations offering end-to-end digital cinema solutions and delivering films via satellite directly to theatres using a unique pay per show business model.
UFO is shortly being rolled out in UAE, Europe, Singapore, Malaysia, Indonesia, Mauritius, Nepal, Sri Lanka by the end of 2007 with 1000 installations
CORPORATE STRUCTURE
UFO Moviez Ltd., the holding company under which UFO operates, has two main subsidiaries namely,
UFO India Ltd. – Indian Operations
UFO International Ltd. based in Cyprus – International Operations for Europe and rest of the world.
AREA OF OPERATION – SATELLITE DELIVERY BASED DIGITAL CINEMA PLATFORM
UFO digital cinema offers complete end-to-end digital cinema solutions to the global film fraternity. It integrates the diversified sectors of producers, distributors and exhibitors into one cohesive unit even as it remains a pure infrastructure service provider but at the same time it ensures that it does not disturb any of the existing business models in the film industry.
UFO invests in the digital cinema equipment it provides to the theatres, coordinates with producers for the content, encodes, encrypts and delivers the content for the distributors. Thus all in all UFO provides the complete digital cinema platform to the film industry.
UFO adopted a unique business model wherein it took on the cost of the investment and provided the digital cinema system to theatres on a refundable deposit.
UFO charges usage-based fees. This essentially means there are no fixed overheads on the exhibitor or even the distributor. They pay only for the shows used by them.
UFO- THE JOURNEY SO FAR
More than 400,000 screenings till date using UFO technology
Delivering to cinemas first day first show directly via satellite
More than 375 films released in 12 different languages
UFO appointed as a member of the Information and Broadcasting Ministry’s core group on “Anti Piracy and Exhibition sectors”.
UFO invited to share the anti piracy features of its digital cinema technology at the World Intellectual Property Organisation (WIPO), 3rd global congress on “Combating Counterfeiting and Piracy “in Geneva.
UFO recipient of the IIFA Innovation Award in Indian Cinema at Yorkshire in June 2007.
UFO only Indian company to be a Member of BASCAP, a high-powered body of the International Chamber of Commerce, Paris.
Recognizing UFO’s unique technology, its parent company Apollo International Limited has been made a Member of Global Growth Companies by the World Economic Forum.
UFO MOVIEZ LTD. Collaborators
DG2L Technologies, world leader in MPEG-4 based next generation media solutions provide UFO end-to-end digital Cinema Solutions and is supplying the digital cinema technology to UFO.
UFO has acquired a 51% stake in the digital cinema technology solution and now UFO plans to market the solution in other principal film markets of the world. With this acquisition UFO controls the high definition MPEG 4 worldwide
Hughes Escorts Communications Limited is the Indian joint venture of Hughes Network Systems (HNS). Hughes Network Systems Inc is a leading supplier of broadband satellite and wireless products, services & networks. It provides UFO with Satellite and Bandwidth Services.
Digital Projection International (DPI) manufactures and distributes an extensive and expanding line of ultra high-performance 3-chip and single-chip DLPT projection systems to UFO. It is the first Company to manufacture DLP projectors for Digital Cinema, it has tied up with technology giant Microsoft for Digital Cinema in USA. It also supplies projectors for OSCARs. The company has secured a prestigious contract from UK Films Corporation for Digital Cinema.
Panasonic Projection Systems, one of the world’s largest electronics products manufacturers, through their Indian Partner also supplies DLP projectors to UFO.
Prime Focus Ltd and Famous Studios Ltd, leading studios in Mumbai, provide content digitization services to UFO

UFO MOVIEZ LTD.
The key members of the UFO team are:
Mr. Onkar Singh Kanwar -- Chairman
Mr. Raaja Kanwar, Vice Chairman
Mr. Sanjay Gaikwad, Founder & Executive Director
Mr. Kapil Kumar Agarwal, Director
Management Team
Indian Operations
Mr. Rajesh Mishra, CEO - Indian Operations
Mr. Sanjay Chavan, Chief Technology Officer
Mr. Pankaj Jaysinh, COO Exhibition
Mr. Ashish Malushte, Vice President-Finance and Accounts
Mr. Deepak Ranjan, National Head - Ad Sales
International Operations
Mr. Vishnoo Patel, CEO- International Operations (ROTW))
Mr. Bruno Mertens – CEO Europe Operations
For further information, please contact :
Luna Biswas / Jasmine Mehta / Abhishek Yadav
Hanmer & Partners
Cell: Abhishek Yadav 9821839904
Tel: (022) 6752 4600 / 6633 5969, Fax: (022) 66335979
E-mail: luna@hanmermsl.com /jasmine@hanmermsl.com / abhishekyadav@hanmermsl.com

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