Bollywood
UFO Moviez Forays Into Film Distribution, Will Release Films Pan India
UFO Moviez, India's largest digital cinema distribution network and in-cinema advertising platform, has forayed into film distribution now. The board of UFO Moviez India on Monday (21 December 2020) approved the company's foray into the film distribution business. ## UFO Moviez announced its foray into film distribution with an intent to consolidate and position itself as a one-stop pan India film distributor. The company said the endeavor is guided by a three-fold objective model promoting fee-based film distribution, Virtual Print Fee (VPF) as a percentage of box-office revenue instead of an upfront fixed charge, and zero-content risk.## The foray is to ensure films get a wide release under a totally de-risked business model. The company has adopted a fee-based distribution model in which it does not take any financial risk in the content.## To begin with, UFO has announced 11 films it would release all over India from December 25, 2020, to March 31, 2021. Shakeela, which is slated to hit screens on December 25, will be the first film to be released by the company. Besides Richa Chadha and Pankaj Tripathi starrer Shakeela, some of the other films to be released in cinemas by UFO Moviez are Ram Prasad Ki Tehrvi, Aadhar, 12 O'Clock, Dangerous, Disha Encounter, Murder, and Flight.## UFO Moviez has partnered with Jio Studios for the nationwide distribution of their upcoming movies "Ram Prasad ki Tehrvi" and "Aadhar" and with Ram Gopal Varma films for three films - 12 O'Clock, Disha Encounter, and Murder. The company will also bring dubbed South Indian movies to the Hindi market. ## UFO EYES PAN-INDIA MARKET... #UFO Moviez forays into film distribution... Will release films PAN-#India... Starting with eleven films... Partners with #Jio Studios and #RamgopalVarma, to begin with... Will also bring dubbed #SouthIndian films to #Hindi market. pic.twitter.com/MsGrJXXRWp— taran adarsh (@taran_adarsh) December 22, 2020 ## Stay tuned...
