NetFlix clone in India SeventyMM, plans to expand into Tier-II cities and also offer Movie Downloads. Unclear if Movie Download is for the Indian or the Overseas market to compete with Rajashri and BigFlicks.
Mr. Sarkar of SeventyMM said,
In terms of growth rates among various entertainment segments, home video shows the maximum potential with the market poised to grow to Rs 2,500 crore by 2011, from the present Rs 650 crore. Owing to this, the film industry may move towards revenue-sharing deals, and we are waiting for the industry to take trajectory towards this.
Seventymm currently has a presence in six cities – Bangalore, Mumbai and Chennai. They got a footprint in Delhi NCR and Chandigarh by virtue of acquiring Madhouse media and they launched in Hyderabad today.
Other players in the DVD Rental Business in India are – CatchFlix, MovieMart and CineSprite. MoserBaer and T-series will remain as DVD movie retailers and Reliance is expected to join them instead of being into rental business.