The agreement is made and is effective as of April 2019, between Music Nepal, office located at Anamnagar, Kathmandu, Nepal &, NEW IT VENTURE CORPORATION Nepal, office located at Naxal, Gairidhara Kathmandu, Nepal, concerning the development “MOMO – More Music More Movies” app and providing Movies, Music, Live TV, Online FM Service among the users.
About New IT Venture:
New IT Venture Corporation (NITV) is Pioneer for Content Distribution Platform and Services since 2008. NITV has been engaged in developing next-generation OTT/IPTV Platform and Services for Broadcasters, Telcos, MSO/ISP, Hospitality, etc. NITV has partnered with the world’s leading media and content partners to service community-based OTT/IPTV services. The company is founded by executives in the media, technology, and financial communities based in Japan. NITV is operating a head-end facility in Japan, the USA, Singapore, Australia, Germany, India, and Nepal.
To know more about New IT Venture visit www.newitventure.com.
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 the sales revenue of their albums. This encouraged the creation and helped in the exponential growth of the industry, which was driven especially by the popularity of Folk Songs from 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 stakeholders to strengthen the copyright regime in the country.
MOMO – More Music, More Movies was developed with the Slogan “A Daily Dose of Entertainment.”
MOMO – More Music, More Movies is a product, powered by Nepal Telecom, developed with an aim to entertain users with a wide variety of content. The Application MOMO – More Music, More Movies have more than 5000 plus Music (songs), 500 plus Latest Movies, 1000 plus trending Music Videos, karaoke features (users can give a sound in the Song’s track as well as in Music Videos with subtitle), TV Shows, News and Live TV Channels. The Application MOMO – More Music, More Movies’ aims to cater to a wide range of people from all age groups and from various regions by providing them with supreme features.
Visit https://www.musicnepal.com/ to know more about Music Nepal.
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