August 20, 2007
IPTV service provider Goldstone Technologies has entered into an agreement
with US-based Echelon Studios to source around 3,500 video titles. This deal
will boost the Hyderabad-based IT company's video library content and is
slated as one of the largest acquisition by an IPTV service provider in the
world.
The agreement includes sourcing of movies, cartoons and sitcoms, and has
been signed for a five-year period. The deal is signed under a
revenue-sharing mode, the company said in a statement here today.The tie-up will widen Goldstone's array of western video content and will
reiterate its objective of movie-on-demand to global masses.
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