Hyderabad, August 16, 2007: The Hyderabad-based Goldstone Technologies Limited, the only end-to-end provider of IPTV across the globe, announced today 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 Goldstone Technologies Limited 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 Goldstone’s existing library of movies and other video content. The tie-up will widen Goldstone’s array of western video content and will reiterate its objective of ‘movie on demand’ to global masses.
Goldstone 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.
Eric Louzil, President & CEO of Echelon Studios, said, “We are very excited to embark upon this road and believe that with our titles and Goldstone’s technology, we will enrich the viewing experience of independent film lovers worldwide.”
Mr Nandan Kundetkar, Chairman, Goldstone Technologies 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.”
After acquiring Hindi and English film titles, and aiming at other languages such as Chinese, Goldstone will now be one step closer in accomplishing its goal of being an impeccable video-on-demand provider to millions of home viewers worldwide.
Recently Goldstone Technologies also had a similar understanding with one of India’s largest home entertainment company - Shemaroo for having access to more than 600 Hindi and other Indian regional movies and other video content.
The Goldstone IPTV Network is the only network of its kind in the world to provide full-fledged services ranging from live channels, Video-on-Demand and other value-added services on a public network directly to TV. It uses a patented technology for Triple play services which delivers excellent quality video to subscribers, anywhere in the world, at only 600 kbps.
About Goldstone Technologies Ltd -
Goldstone Technologies Limited is part of the diversified Goldstone Group of Hyderabad. It is public listed company providing IT Enabled Services. With an established global presence, Goldstone offers Technical Support Outsourcing, Forte Migration and Professional Consulting Services. ISO 9001:2000 certified since 2000, Goldstone counts some of the world’s premier software giants among its clientele. In addition to expanding its IPTV business, the Company has recently diversified into media restoration, colorization and re-colourization. For this, the company is setting up a digital media lab and is in the process of acquiring rights to Indian black and white films.
http://www.goldstonetech.com/
http://www.tvorigin.com/
About Echelon Studios
Echelon Studios was established in 2004, after being hived off from the 25-year-old RGH Lions Share Pictures and currently also sponsors many film festivals in the US. With a library of over 3500 classic titles, Echelon Studios it is fast becoming a major contender with the heavyweights.
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