Support and Resistance Levels
Past performance
About Colorchips New Media Ltd Colorchips New Media Limited, originally Millitoons Entertainment Limited, is a diversified media company established in 1985, focusing on film production, digital channels, and intellectual property rights. It underwent a name change in 2018 to reflect its expanded digital media focus, including acquiring Vega Music Private Limited, enhancing its digital content portfolio with 300 audio titles across ten channels.
The company ventured into the hospitality sector by forming MIENT Hospitality LLC in 2016, aiming to manage hotel businesses in the USA. However, due to non-fulfillment of contractual clauses, MIENT's acquisitions, including Kirksville Hospitality, INC, and J&K Hotels, LLC, were reversed, and MIENT ceased to be a subsidiary in 2019. These strategic moves highlight Colorchips' focus on strengthening its core digital media operations while exploring diversification opportunities.