It emphasises more firmly than ever India's position as the digital cinema laboratory of the world. There are now more than half a dozen players trying to roll out digital systems. At over 135 theatres, India is by far one of the largest digital cinema countries in the world along with China and the US. UFO Movies, the brand name under which Valuable hawks its service, has a target of 2,000 theatres by March 2008. If it meets that, it will become the largest film retail chain in India.
Arun Natarajan is the Founder of Venture Intelligence India, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of TSJ Media's Venture Intelligence India newsletters and reports.