Goldstone Technologies Ltd on August 20, 2007 has announced that that it has entered into an agreement with the US-based Echelon Studios to boost its video library content for its Video-on-Demand subscribers.
Echelon Studios, based out of Los Angeles, acquires and distributes filmed entertainment worldwide. Echelon Studios will now provide the Company with more than 3,500 video titles to be offered to its subscribers. These include movies, cartoons and sitcoms.
The agreement with Echelon Studios is for a period of five years on a revenue-sharing basis. It will substantially boost the Companys existing library of movies and other video content. The tie-up will widen Companys array of western video content and will reiterate its objective of movie on demand to global masses.
The Company will offer the Movie-on-Demand services along with the IPTV service initially in India and Asia Pacific countries like Malaysia, Taiwan, Japan, Australia, New Zealand, Thailand, Hong Kong and Singapore.
Mr. Nandan Kundetkar, Chairman of the Company said, We are walking on the path we had clearly chalked out, by increasing our presence in the global market, step by step. Tie-up will give us access to huge quality video content and will definitely help us boost video-on-demand subscribers.
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