Movie Mart removes security deposits and lowers monthly subscription fee

Media News

New Delhi, October 13, 2008

Movie Mart, India’s first online movie rental company has now removed the security deposits from all subscription options and hence become India’s first company to do so in the industry. The company has also lowered down the prices on monthly subscription considerably. Movie Mart has been instrumental in bringing many firsts to this industry so as to bring benefit to movie buffs.

According to Rahul Mansharmani, CEO, Movie Mart, “For us, our customers are very important. We have always endeavored to take steps which will help the end consumer. Removing security deposits and lowering of monthly subscription fee are steps in this direction. Unlike our competitors, we have removed the security deposit completely from all membership plans and the customer can keep the DVDs for a longer period and no late fee will be charged. We want our customers to watch movies without any hassles. I am sure this effort of ours will bring us many new customers and movie buffs will be delighted. Currently, we are delivering satisfactorily to an average of 15,000 customers in Delhi and NCR on a daily basis and we plan to expand the customer base to 50,000 members by the end of 2009.”

The monthly subscription fee has been lowered to 279 from 300, which is the lowest in the country.

For further information, please contact:

Grey Cell Public Relations

John Verma

Sr. Associate Manager

E-mail: johnr@greycellpr.com

Mobile: +91 9873363419