MEDIA MATRIX WORLDWIDE LTD
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BSE Code:
512267
NSE Code:
MMWL
Business Profile
Business Profile
Media Matrix Worldwide (MMWL), set up in the year 1985, is a leading company in the business of quality content, television (TV) and music software, and feature film production with focus on the worldwide market.
Products and services include animation and visual effects for television, films, TV commercials, medical, and other areas through its 2D and 3D animation studio; film completion guarantee bonds, TV programs, ad films, music videos, event management, film production and marketing. The company has commissioned two entertainment serials on mainstream satellite channels, worked with regional channels on special interest programs, and developed documentary films on wildlife, Himalayas, Indian culture and history, spiritualism and Indian monuments. SmartMovez.com and Mediax.com develop innovative web products for new emerging markets in the entertainment scenario.
Major thrust now is on developing major marketing strategies focusing on rural markets. It has started production of TV serials in thriller, romance and comedy genres. Content research on films, segmented software for the city and rural TV markets, sourcing new music directors and artists to produce quality music content, deployment of cutting-edge broadcasting techniques and globalized content for radio are other areas of interest. The company`s e-cinema business has spread to 70 theaters. It has followed a different route to increase its own screens by reconstructing the existing theater in Boma C Class centers into a mall-cum-multiplex and using its digiplex model at five other sites. The company has distributed more than 15 films in Central India, Central Province and Rajasthan territory including some big hits like Golmaal, Rang De Basanti, and Taxi No. 9-2-11. A wide range of clients from the Middle East, Europe, Far East, USA and Africa, besides India are offered services.
The registered office is located at 203-204, Sagarika Apartment, Juhu-Tara Road, Juhu, Mumbai-400049.
Financials
Media Matrix Worldwide registered a steep drop of 57.36% in net profits of Rs 1.39 million for the quarter ended June 2008 from a profit of Rs 3.26 million for the quarter ended June 2007.
It recorded net sales of Rs 45.67 million for the quarter ended June 2008. Total income was Rs 48.44 million for the quarter ended June 2008.
The earnings per share (EPS) of the company stood at Rs 0.02 for the quarter ended June 2008.
Future Plans
The company plans to expand its operations through strategic JVs in the segment of film completion guarantee bond.
It will use the digiplex model of mall-cum-exhibition centers for expanding exhibition centers in Tamil Nadu, Andhra Pradesh and other states to approximately 400 theaters. It is planning to put up a new state-of-the-art post production facility at Hyderabad to feed its proposed chain of 400 theaters in Andhra Pradesh.