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Although the film industry is 100 years old, transactions are still done in old
ways. IMPACT (Integrated Media PACT) is a first of its kind settlement platform,
launched by Valuable Technologies Ltd (VTL) aiming to install computerized ticketing
system with VSAT connectivity in theatres to make the sales data accessible real
time to all stakeholders in the film industry.
This will institute transparency and honesty in recording and declaration of ticket
sales with the result that IMPACT equipped cinemas will begin to build the confidence
of distributors for movie releases in these theatres, and the government would start
to realize higher revenues because of the transparency of the system.
The Company in its role as a settlement exchange is mediating the transaction between
the exhibition centers on the one hand, and the government and the distributors
on the other hand, in consideration of a nominal settlement fee to be paid by the
distributors and the government and with a small equipment fee from the exhibitors.
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IMPACT
IMPACT Suite is an Initiative launched by Valuable Technologies Pvt. Ltd. and strives
to streamline the Commerce in the movie industry value chain by providing a common
and easy to use platform for trade.
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