Foxconn To Create Content In Partnership With Mukta Arts [Possible Investment]August 10, 2015 2015-08-10 9:19
Foxconn To Create Content In Partnership With Mukta Arts [Possible Investment]
Taiwanese contract manufacturer Foxconn doesn’t want to be restricted to just manufacturing devices and is beginning its move into the content creation space through a tie up with Mukta Arts, a subsidiary of WhistlingWoods International (WWI).
Subash Ghai, filmmaker and promoter of Mukta Arts, has said that Foxconn might even look at picking up stake in Mukat Arts or the film institute WWI that it’s affiliated to.
The move is in line with Foxconn’s plans to generate content that will run on the devices it manufacturers. Chaitanya Chinchlikar, VP of Business Development at WWI, said that content will not be restricted to just one format and will be used across digital platforms.
Foxconn and WWI will soon announce joint projects they will undertake. The move could allow Foxconn to offset the one-time cost of manufacturing a device and get in on the recurring payments market of content.