UFO Moviez India Limited has informed the Exchange regarding Press Release titled UFO Moviez Enters into a Strategic Alliance with Miraj Cinemas for Exclusive Advertising Rights Across 239 Screens in 49 Cities and 72 Locations .
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UFO Moviez India has announced a strategic alliance with Miraj Cinemas to secure exclusive advertising rights across Miraj's network of 239 cinema screens, spanning 49 cities and 72 locations. This partnership expands UFO Moviez's cinema advertising footprint by integrating Miraj Cinemas' screen network into its existing portfolio. The deal strengthens UFO's position as a leading in-cinema advertising platform in India. Specific financial terms of the alliance were not disclosed in the announcement.
This alliance is likely to boost UFO Moviez's advertising revenue and market reach by adding 239 new screens to its network. Shareholders may view this positively as it signals business expansion and deeper market penetration, though the exact financial impact will depend on the undisclosed deal terms.