Moneycontrol PRO
Black Friday Sale
Black Friday Sale

business

Ad revenue takes a hit post demonetisation: UFO Joint MD

The digital distribution space was impacted in the aftermath of demonetisation and the worst hit was UFO Moviez. Speaking to CNBC-TV18, Kapil Agarwal, Joint Managing Director of the company said that amongst the the three revenue streams i.e., films, exhibitors and advertising, cash ban took a toll on the advertising stream.

first published: Dec 22, 2016 02:04 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347