- Photon Kathaas Productions, the South Indian film company, has completed the sale of the domestic theatrical rights of its latest movie, Veppam, for US$600,000.

Total revenues for this production are now approximately US$870,000. The TV rights, international theatrical rights and the rights to the Telugu dubbed version Veppam were previously been sold for a total of US$270,000.

These revenues exceed the management's expectations and with costs of approximately US$550,000 the production is under budget, which serves to reinforce the Board's belief that the Company's studio-led business model is making good progress and will continue to maximise revenues and profit margins.

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