IT services company, Goldstone Technologies has formed an alliance with US-based Legend Films to jointly market colourization services world-wide. The company would be producing feature film resolution restoration and colourization as well as a full complement of high-end special effects. The partnership was formed under an exclusive Goldstone / Legend Films Technology licensing agreement.Also, the company has procured world-wide rights for 12 Indian feature films including the recently announced colour production of Hum Dono staring Dev Anand. Work on Hum Dono and one of the South Indian movie is already in progress at Hyderabad. The company proposes to handle this business through its subsidiary Goldstone Media.As new distribution channels are opening up in the form of DTV, HD-TV, HD-DVD, IPTV, and digital cinema, the demand for wholesome content is increasing. The company will meet this demand with colourization and restoration technology developed by Legend Films and a highly trained staff in Hyderabad. The partnership identifies world-wide territories which the two companies will address cooperatively using their separate colourization operations.With its creative staff and Goldstone / Legend Films Technology, the Company intends to acquire Indian films to create its own library of classic content for theatrical presentation and all digital distribution channels.
