Press Release

Agreement signed for Launching of MnM App for Nepal Telecom

Sunday July 15, 2018

An agreement has been signed and agreed upon between three parties, namely Nepal Telecom, Music Nepal and New IT Venture Corporation for the launch of the Movie N Masti mobile application. The app is set to be officially launched in September of 2018.

Movie N Masti will be an entertainment app with features such as new released movies and music videos from Music Nepal, e-learning section, and would also include Live Television channels as well as Catch up TV and program guide feature. All in all MnM aims to entertain it’s users with an array of features that would guarantee a complete source of entertainment to it’s audience.

About Nepal Telecom
Nepal Doorsanchar Company Ltd. , popularly known as Nepal Telecom is a state owned telecommunication service provider in Nepal with 91.49% of the government share. The company was a monopoly until 2003, when the first private sector operator United Telecom Limited(UTL) started providing basic telephony services. The central office of Nepal Telecom is located at Bhadrakali Plaza, Kathmandu. It has branches, exchanges and other offices in 184 locations within the country.

About Music Nepal
Music Nepal was established in 1982, under the Industrial Act of Nepal, as the first music company in the country. It pioneered the concept of royalty payments to artists and creators of music by paying a fixed percentage of sales revenue of their albums. This encouraged creation and helped in the exponential growth of the industry,  which was driven especially by the popularity of Folk Songs of different parts of the country.  Music Nepal also played a catalytic role in developing Copyright Law and over the years has joined hands with numerous stake holders to strengthen the copyright regime in the country.

 

About Company | New IT Venture Corporation
New IT Venture Corporation (NITV) provides End-to-end IPTV and OTT/Mobile TV Platform to Telcos, ISPs, Hospitality & Broadcasters. NITV has partnered with the world’s leading media and technology companies, owns and operates different community-based OTT IPTV Platforms and self IPTV Head-end. Founded by executives in the media, technology, and financial communities, NITV is headquartered in Tokyo, Japan, and maintains network operations facilities in Japan, USA, Singapore, Australia, and Europe, and a development center in Kathmandu Nepal. Our Customizable Platform includes Middleware Software, Apps and Head-end System for delivery of Contents to any Screens: Smartphone/Tablets, iPhone/iPad, Set-top-box, Web, Roku, Smart TV (LG, Samsung, Sony, Toshiba, Google TV etc), Apple TV, Amazon Fire TV, HDMI Dongles etc.

Press Contact:

Nepal +977-1-4004584 press.nepal@newitventure.com

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JAPAN
NEW IT VENTURE CORPORATION
Kopo Yamato Bldg 2F, Tateishi 5-24-8
Katsushika-Ku, Tokyo 124-0012
NEPAL
NEW IT VENTURE CORPORATION LIMITED
TBi Plaza 1F, Naxal
Gairidhara, Kathmandu, Nepal
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NEW IT VENTURE (INDIA) PVT. LTD.
C9/9401,Vasant Kunj
New Delhi 110 070, India