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:

Advertisement. Scroll to continue reading.

Segmentation Of Digital Rights; TechZone Gets PPL Music Rights For RCOM RBT & IVR

Written By

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

Views

News

While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.

News

Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.

News

Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.

News

The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.

News

For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

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

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...

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...

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