UFO Moviez was established in the year 2005 by Valuable Group with equity participation from Apollo International Limited, which is a part of the over $ 1 billion Apollo Group, a leading business house of India. The Company has revolutionized the way films are distributed and exhibited in India through its pioneering technology, infrastructure and unique pay per show business model, bringing in a 'First Day First Show' regime for film distributors and cinema owners across the country.

The launch of UFO has resulted in two major advantages: Cost arbitrage and Time arbitrage. Not only film distributors save on account of cost of print, which are obviously not needed in the digital delivery cinema but also they gain huge time advantage by simultaneously delivering the movies across the country.

3i, one of the world's leading investment funds dealing in technology and innovative products, took a strategic stake in UFO enabling it to fuel its ambitious growth plans.

In a short span of less than 4 years UFO Moviez has grown into the largest digital cinema network in India with over 1500 installations receiving movies delivered to them via satellite.