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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Indian Film | LSE:IFC | London | Ordinary Share | GG00B1VX1S93 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 107.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMIFC Indian Film Company Limited (The) 28 January 2010 ? 28 January 2010 The Indian Film Company enters into a strategic distribution tie-up with YouTube The Indian Film Company ("IFC or the "Company"), the specialist film investment company, today announced a strategic distribution tie-up with YouTube. As part of this partnership, Striker will be the first ever Indian film feature to premiere on YouTube internationally at the same time as it is released in cinemas throughout India on 5 February 2010. The film will be accessible on the Studio 18 Channel on YouTube (www.youtube.com/studio18). The move aims to provide a wide cost-effective distribution platform for such high content features that do not get an international theatrical release because of an atypical star cast. By providing customers a legitimate viewing option, it is hoped that the move will also minimize the effect of piracy and offer customers a quality and on demand option for watching the latest film. In order to ensure that revenues from the Indian theatrical release are maximised, the film will not be available for the traffic originating from India. In the US, Striker will be available for rent, while outside the US, it will be available for free viewing, to be monetised through an advertising -share model. Set in a Bombay slum in the mid '80s and based on true-life accounts, Striker is directed by Chandan Arora and stars Telugu actor Siddharth Narayan (Rang De Basanti ) alongside Anupam Kher, Aditya Panscholi, Padmapriya, and Vidya Malavade. Arora's previous work includes Main, Meri Patni Aur Woh and the critically acclaimed Main Madhuri Dixit Banna Chahti Hoon. Commenting Sandeep Bhargava, CEO of the advisory to The Indian Film Company, said, "Once again the IFC is setting an industry standard. By releasing the film on YouTube at the same time as its Indian theatrical premiere, we massively increase the numbers of people able to see the film, at the same time as helping to ensure the success of the theatrical release in India where it will be paid for." For further information, please contact: Enquiries: The Indian Film Company Limited Sandeep BhargavaTel: +91 226 629 1723 Grant Thornton Corporate Finance (Nominated Adviser) Fiona KindnessTel: +44 207 383 5100 Elara Capital (Broker) Raj Bhatt/Mary Phelan Tel: +44 207 486 9733 Pelham Bell Pottinger Alex Walters/Francesca Tuckett Tel: +44 207 337 1500 Notes to Editors The Indian Film Company (the 'Company') is a specialist film investment company which was admitted to trading on the AIM market in June 2007 and raised GBP 55 million in order to invest in a diverse portfolio of Indian films targeted at the Indian audiences across varying genre, language and budgets. The Company is part of the Network 18 Group, with Network 18 Parties' holding 80.38% of the Company's issued share capital and managed by Film Investment Managers (Mauritius) Ltd., which is jointly and equally owned by Viacom Inc. and BK Media Mauritius PVT. BK Media Mauritius PVT is owned by Raghav Bahl, the founder and controlling shareholder of Network 18. TIFC uses the services of STUDIO 18, India's largest vertically integrated motion picture company, to distribute, exploit and market its bouquet of in-house productions, co-productions and acquisitions. Studio 18 is part of Viacom 18, a 50/50 joint venture set-up between Viacom and Network 18. This information is provided by RNS The company news service from the London Stock Exchange END NRAKKODNKBKBADB
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