In order to set up at least 20 screens in non-metro regions by next year, UFO Moviez India is planning to invest Rs 15 crore. In this regard, the company has shortlisted five franchisees including in Maharashtra, Punjab and Gujarat.
The company will be following the franchisee model for its business and the first screen is expected to be up and running by November in Moga, Punjab.
UFO Moviez, a digital cinema distribution network and in-cinema advertising platform, has launched Nova Cinemas under its subsidiary Valuable Digital Screens (VDSPL).
