Global Entertainment and Avon Global Solutions Signed JV

Mar 12, 2011, 16:02 IST

Global Entertainment and Avon Global Solutions Pvt Ltd jointly signed a 50:50 joint venture project.

Global Entertainment and Avon Global Solutions Pvt Ltd jointly signed a 50:50 joint venture project on 19 January 2011. The joint venture agreement was signed to help reduce the cost of acquiring a film print and curb piracy. An investment of Rs 110 crore will be made in the state-of the-art technology product, SecureDuct. SecureDuct will help filmmakers and producers in reducing the cost of buying a film print and curb piracy. The companies expect to earn revenue of over Rs 900-1,000 crore in the first three-year period.

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