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PGM to invest Rs 25 crore, plans to go public by March

26-April-2001
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PGM to invest Rs 25 crore, plans to go public by March

PGM Entertainment Pvt. Ltd., has kicked off operations on an investment of Rs 25 crore, and plans to invest another 10 crore by the year-end. The company plans to release six movies in the current year and 50 within the next three years and is expecting a turnover of Rs 100 crore in three years’ time. PGM has struck associations with Sony, AXN, Doordarshan and Discovery in India.

Other marketing related activities would include corporate tie-ups, screening exclusive premiers, road shows and outdoor advertising. The company has a library comprising 220 movie titles, and has dealt with production houses like Walt Disney Studios. It is also involved in the distribution and production of television programming through its division in Los Angeles.

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