Vision Corporation inks pact with Big Flicks; stock gains 4%
Vision Corporation Ltd has entered into an agreement with Big Flicks Ltd - a division of Reliance for Internet rights for the films / albums.
Under the deal, Vision will provide the feature films which holds negative rights and copyrights of music and other contents to Big Flicks and the revenue will be shared equally on the ratio of 50:50.
It should be noted that Vision Music a division of Vision Corporation Ltd have so far produced 1000 music albums and holds negative tights for more than 200 feature films in various languages.
Apart from latest development, Vision has plans to produce 6 movies per year with big banners.
At 1:05 pm, the stock of the company is trading at Rs 5.20 on BSE, up 4% compared to its previous close. The scrip had made 52-week-high and low of Rs 20 and Rs 4 respectively.