MoserBaer has sued SeventyMM for Rs. 50 Crores/ lawsuit for ‘violating’ its ’sole and exclusive video rental rights’. In its petition, Moser Baer, which has around 10,694 film titles, alleged that Seventymm Services — which provides DVDs on rent and online downloading of movies — was offering films without any authority, as it (Moser Baer)...
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Reliance rebranded BigFlicks to BigFlix in Q2 of 2008 and pumped in close to Rs. 25 crores for advertising. BigFlix.com earns ~80 per cent of its revenue from rental services, while video-on-demand contributes 20% of the revenue. The service is present in 10 cities, with a subscriber base of
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Online movie rental service market is going strong and both Seventymm and MovieMart.in are expanding their services to smaller cities in India. Seventymm 70,000 customers and plans to reach 4 million subscribers with revenues to the tune of Rs 1,500 crore in the next five years, Plans to spend $15mn in the next 5 years, 40...
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Flickxpress is a newly launched DVD rental service that is attempting to bring the DVD shop near to your place, maybe inside your apartment itself..in the form of automated kiosks. Flickxpress is setting kiosks inside few apartments in Bangalore ; and one can use these kiosks to conduct all sorts of dvd rental transactions...
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Mid-week India Business Buzz Seventymm adds community, looks at online movies Apart from the change in design, the site has added networking and profiling features. Each Seventymm member now has a My Hangout page where a profile, friends, movie reviews and quizzes can be displayed. In true networking style, members can upload...
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Reliance to buy Seventymm (then why the heck did they launch BigFlicks?) In its bid to expand its footprint in the entertainment business, Anil Ambani-controlled Anil Dhirubhai Ambani Group (ADAG) is negotiating a buyout of India’s largest online movie rental company Seventymm, which delivers video compact discs...
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