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Although the film industry is 100 years old, transactions are still done in old
ways. UFO ticketing platform (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 UFO ticketing platform
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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UFO ticketing platform
powered by IMPACT
UFO ticketing platform Suite is an Initiative launched
by
UFO
Moviez 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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