Thinkink Picturez Ltd Expands Its Reach to International Operations with the Launch of a VFX & OTT Platform Company in the UAE
Company stands on the cusp of a remarkable transformation in the entertainment industry.
Highlights:-
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The newly established VFX & OTT Platform company in the UAE will serve as the cornerstone for company’s ambitious international growth plans
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UAE venture will enable Thinkink Picturez Ltd to cater to clients and projects from all corners of the globe.
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Company ventures into new business opportunities in the field of VFX and post-production, while also venturing into the realm of Over-The-Top (OTT) content distribution.
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In addition to its VFX and post-production offerings, company also launched of its own OTT platform
For Q2FY24, company reported net profit of Rs. 3.48 crore, Y-o-Y rise 32%, Total income also grew 66%
Mumbai (Maharashtra), 2 January 2024: Mumbai based Thinkink Picturez Limited (BSE Code – 539310), a leading player in the global entertainment industry has strategically expanded into the international market with the establishment of a state-of-the-art VFX & OTT Platform company in the United Arab Emirates (UAE). This significant move marks a pivotal milestone in the company’s journey as it ventures into new business opportunities in the field of VFX and post-production, while also venturing into the realm of Over-The-Top (OTT) content distribution.
With the establishment of this new company in the UAE, Thinkink Picturez Ltd is poised to reshape the landscape of international entertainment, bringing its innovative VFX solutions and captivating content to a broader audience. With a steadfast commitment to delivering top-notch cinematic experiences, company’s decision to expand into the UAE aligns perfectly with its vision for global expansion and diversification. The UAE’s strategic location, world-class infrastructure, and burgeoning entertainment industry make it the ideal hub for the company’s international operations.
The newly established VFX & OTT Platform company in the UAE will serve as the cornerstone for Thinkink Picturez Ltd’s ambitious international growth plans. The company aims to capitalize on the growing demand for high-quality visual effects and post-production services by leveraging its extensive experience in the field. The UAE venture will enable Thinkink Picturez Ltd to cater to clients and projects from all corners of the globe.
Mr. Vimal Kumar Lahoti, Jt. Managing Director of Thinkink Picturez Limited, expressed his excitement, stating, “This expansion into the United Arab Emirates and the launch of our VFX & OTT Platform company is a testament to our dedication to offering world-class entertainment services to a global audience. We are excited to embark on this journey and look forward to creating exceptional cinematic experiences for our customers worldwide.”
The company’s management team is highly enthusiastic about this new venture and the immense potential it brings. Thinkink Picturez Limited’s commitment to delivering cutting-edge entertainment experiences remains unwavering as they enter this new chapter in their journey.
This expansion into VFX and OTT represents a strategic move that capitalizes on the ever-evolving preferences of modern audiences, making Thinkink Picturez Ltd an exciting prospect to capitalize on the dynamic landscape of the entertainment sector. With this strategic initiative, company stands on the cusp of a remarkable transformation in the entertainment industry and poised for substantial growth.
In addition to its VFX and post-production offerings, company also launched of its own OTT platform. This platform will provide a diverse library of movies and web series, all localized in various languages to cater to a global audience. With this, the company intends to monetize its vast library of previously created assets and generate revenue from a worldwide audience.
For Q2FY24 ended September 2023 company reported net profit of Rs. 3.48 crore, rise of 32.6% Y-o-Y as compared to net profit of Rs. 2.62 crore. Total income for Q2FY24 reported growth of 66% to reach Rs. 6.53 crore as against total income of Rs.3.93 crore in Q2FY23,
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