wordpress blog stats
Connect with us

Hi, what are you looking for?

, , , ,

Techzone To Invest Rs.30 Crore For Business Expansion; Eyes Mobile Gaming Segment

Techzone (Universal Power Systems Private Limited), a Chennai based mobile Value Added Services company is set to invest Rs 30 crore to expand its product line including entering the mobile gaming business, in the current financial year, reports The Business Standard. The company, which claims to have a reach of 40 lakh users across various operators in India in the CRBT (Caller Ring Back Tones) segment, is now eyeing the mobile gaming space. According to the company's Director, Naveen Bhandari, Techzone will invest Rs. 10 crore in the mobile gaming business. It is currently in discussion with two international gaming companies, and plans to launch mobile gaming by July, this year. So it seems the focus will be on content distribution and not on new content development. Earlier this year, mobile VAS provider One97* had partnered Webchutney to create Gaming franchises. The rest of the investment will be utilized in expanding its music platform and for content development. In February, Techzone had inked an exclusive content deal with record labels Universal and Sony Music, to distribute domestic and international music catalogue, through its CRBT and WAP based platforms. Last year, Techzone had acquired exclusive rights for music from Phonographic Performance Ltd (PPL), for CRBT and Mobile Radio, specifically for Reliance Communications for a period of 2 years. Apart from these deals, it has exclusive content rights from Saregama, NDTV, and Viacom18's TV properties. Disclosure: One97 Communications is an advertiser with MediaNama Related: - Segmentation Of Digital Rights; TechZone Gets PPL Music Rights…

Please subscribe/login to read the full story.
Written By

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ