By sinha on 19, September, 2008 | Channel: Funding

Mukta Arts acquires 51% stake in Coruscant Tec, VAS Content Provider

Subhash Ghai promoted Mukta Arts has acquired 51% stake in Coruscant Tec, VAS provider that develops and markets mobile applications and entertainment solutions/content (ringtones, wallpapers, Video on Demand, applications, m-comics, mobizines, mobiepisodes and java games) for wireless networks and devices. – via

Coruscant Tec was hunting for investors and has sold 51% stake to Mukta arts (latter still has an option to but out the rest of 49% as well).

Is content game a viable play in India (given that operators squeeze the hell out of content players?), especially for startups?

Recommended: Mobile VAS stats for India

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    • comment(s) on Mukta Arts acquires 51% stake in Coruscant Tec, VAS Content Provider

    One Response to Mukta Arts acquires 51% stake in Coruscant Tec, VAS Content Provider

    1. Gautam Kshatriya says:
      September 23, 2008 at 2:16 PM

      Perhaps Mukta saw synergies with Coruscant – using its infrastructure as a means to promote its own movies? While operators do squeeze VAS players quite hard, if Mukta isn’t concerned with making a profit, and is just looking to user Coruscant to better market its movies (through ringtones, mobile games, whatever) it might just have been a sensible move.

      Gautam Kshatriya
      gautam.kshatriya@moneyvidya.com
      http://www.moneyvidya.com/blog

      Reply