Comelon offers free online movie streaming for Rs 10,000 per month
- by admin
Comelont, the internet entertainment service provider that offers free and discounted internet movies for streaming to its users, has raised Rs 10 lakh by listing the sale of its film streaming business.
The company has now listed the sale for Rs. 10,001 crore, which will give its customers a chance to buy a monthly plan for Rs 50,000 to Rs 1,000,000.
The offer is valid for a period of two years.
Comelont is one of the largest film streaming providers in India.
It has a subscriber base of nearly 6.6 million.
Its Rs 10 crore film streaming offer comes in the backdrop of the government’s move to cap the amount of money people can spend on streaming services.
Earlier, the government had asked movie streaming companies to offer a 30-day free trial period of a film for free.
The move has seen a surge in companies offering free trial services.
In a statement, Comelot said that the offering of free trial offers was a way for the company to further increase its customer base and attract new customers.
“The offer is part of a strategic plan to further expand our user base, drive subscriber growth and grow revenue through subscription pricing,” it said.
In August, the Supreme Court had ordered the government to cap all the charges that movie streaming services can charge for streaming movies to an annual cap of Rs 10.25 lakh, as part of the Right to Information (RTI) Act.
The RTI Act allows citizens to get the information they require from the government and other private entities.
The government is yet to release the finalised guidelines to the Centre to set the cap on the total amount of charges for streaming content.
Comelont, the internet entertainment service provider that offers free and discounted internet movies for streaming to its users, has raised…
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