New Launch10 Dec 2024, 03:29 pm
Thinkink Picturez Ltd. and Subsidiary Initiate Cinematic Universe Projects, Secure Contracts, and Launch OTT Platform
AI Summary
Thinkink Picturez Ltd. and its Dubai-based subsidiary, Think Star Entertainment Technology LLC, have initiated production on multiple cinematic universe movies and web series, valued at INR 164 Crores. The projects will premiere exclusively on the upcoming ThinkFlix OTT Platform, targeting a global audience with multilingual content. The subsidiary has also secured three major contracts for post-production and dubbing services, valued at INR 115 Crores. These developments underscore the company's commitment to creating high-quality, innovative content and expanding its operational capabilities, poising it for long-term growth and shareholder value creation.
Key Highlights
- Production of Cinematic Universe Movies and Web Series worth INR 164 Crores
- Exclusive Launch on ThinkFlix OTT Platform for global audience
- Secured three major contracts for post-production and dubbing services worth INR 115 Crores
- Projected profit margins of 22% to 25% for the subsidiary
- Transformative phase for the Company, paving the way for long-term growth