DNEG acquires film studio complex & premier production services assets
DNEG has acquired various production and post-production services assets, including a film and TV production studio complex, from our parent company Prime Focus Limited (PFL).
This allows DNEG to now offer our global clients access to eight Hollywood-designed soundstages from our studio complex in Film City, the heart of the Indian film industry in Mumbai, as well as a full suite of production and post services including digital intermediate (DI), camera equipment rental (EQR), sound and picture editing, IMAX and 3D mastering, and associated support and technology services.
About the acquisition, DNEG Chairman and CEO Namit Malhotra said:
“Having achieved a distinctive leadership position across visual effects and animation, with the capabilities and scale to be a preferred partner to our clients, DNEG’s next logical step is to extend our filmmaker-focused services into the production ecosystem. Adding these new services to DNEG’s portfolio allows us to bring India’s proud 100-year history of film heritage and its industry talent to the global market. It also presents our clients with the benefits of an integrated solution across the entire production chain, unlocking greater efficiencies and savings, with the reassurance of working with a trusted filmmaking partner.”
The acquisition has resulted in an addition in headcount of more than 240 staff members, pushing DNEG’s global headcount to more than 10,000 employees. BCS Bureau