Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, Panorama Studios International has informed that Panorama Music (Subsidiary company) and Believe International have formed a strategic alliance to further enhance the music content catalogue and M/s Believe International has agreed to pay Panorama Music an advance of EURO 12200000 for content creation over the next Six Years.
The above information is a part of company’s filings submitted to BSE.
