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Industry Updates
Indian animation entertainment industry is a highly fragmented industry. Indian players are primarily involved in the labour-intensive production and post-production activities, as a ‘Service Provider’ working on the revenue model of ‘Work-For-Hire’. This means that most skill sets are at the lower end of the value chain.
India lags the global market significantly in terms of number of animation movies produced in India. The box-office failure of few movies recently made Indian filmmakers shelve their projects on Indian animation movies. However, Hollywood films enjoyed success on Indian screens.
India is gradually moving away from the shadow of being a destination for outsourcing animated content into a location capable of creating quality content for the global audience. “In the recent past, Indian animation companies and animation studios have been moving up the value chain to create their own intellectual property rights.
Top notch American studio DreamWorks Animation has entered into a new five-year distribution agreement with another well-known banner, 20th Century Fox. Under the terms of the agreement, Fox will assume certain marketing and distribution responsibilities in both domestic and international markets for all animated feature films produced by DreamWorks Animation.
Walt Disney Investing Rs.1,000 cr in India.The government has approved 10 foreign direct investment (FDI) proposals worth nearly Rs1260 crore, including Rs1,000 crore investment by Walt Disney for expanding its operations in India. The $1,000-crore induction of foreign equity is for expansion of the business and making downstream investment in other companies.
Andhra Pradesh Government will develop a "Media City" here with the ultimate objective of making Hyderabad the "animation capital of the world", said Information Technology and Communications Minister Ponnala Lakshmaiah today.
DreamWorks Animation’s “Rise of the Guardians” will receive this year’s Hollywood Animation Award at the 16th Annual Hollywood Film Festival and Hollywood Film Awards gala ceremony, to be held October 22 at the Beverly Hilton Hotel. The announcement was made Tuesday by awards founder and executive director Carlos de Abreu.
A bankruptcy court in the US has approved the proposed USD 30.2 million sale of Hollywood film-maker James Cameron's Digital Domain Productions to Reliance MediaWorks and China-based Galloping Horse America. Following the approval from the US Bankruptcy Court in District of Delaware.
Technopark based Toonz Animation India has signed a pact with Los Angeles-based Lawless Entert-ainment as worldwide representative for licensing and merchandising "Paddy's Pages" - pre-School 25 episodes series.
India and Spain signed an audio visual co-production agreement in the area of feature films, documentaries and animation films. "The agreement provides opportunities for both the countries to pool their creative, artistic, technical, financial and marketing resources to co-produce films,".
The Walt Disney Company is acquiring Lucasfilm for $4.05 billion in a stock and cash transaction. Lucasfilm, known for its Star Wars franchise is wholly owned by its Chairman and Founder George Lucas. “Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas,” said Robert A.
Toon Boom Animation Inc., a 2012 and 2005 Primetime Emmy® Engineering Award recipient, announced today the release of Flip Boom Lite™, the first animation app designed for Windows 8. As a free app, Flip Boom Lite enables anyone to learn and teach animation on-the-go.
DQ Entertainment International (DQE), an entertainment production and distribution company, has signed a deal with Australian Broadcasting Corporation (ABC) for telecasting of the two 3D television series Iron Man (season 2) and Casper (season 2).
VFX software developer The Foundry has launched the new 7.0 version of its Nuke compositor. The new release from the London-based developer is packed with a wide range of features and substantial improvements.
Netflix Inc. has acquired exclusive U.S. rights to movies from Walt Disney Studios in a deal that catapults the Internet video-on-demand service into direct competition with pay TV giants such as HBO and Showtime.
Namit Malhotra doesn’t run Hollywood, but the founder and managing director of Prime Focus, a leading visual entertainment multinational based in Mumbai, holds far more clout in Hollywood than many local post houses in Los Angeles, California.
A bankruptcy judge has greenlit a plan for Universal and 20th Century Fox to provide up to $17.1 million in loan financing to allow vfx firm Rhythm & Hues to continue operating following its Chapter 11 filing last week.
Ang Lee's Life of Pi, a fantasy adventure drama widely shot in India, won the 85th Academy Award for best cinematography and best visual effects here Sunday night. Claudio Miranda received the cinematography award. It is his first Oscar award.
DreamWorks Animation will lay off approximately 350 employees, about 15 percent of its full-time staff, CEO Jeffrey Katzenberg and CFO Lewis Coleman said Tuesday during the company’s fourth-quarter The Burbank, Calif.-based company posted a loss of $83 million.
The Indian M&E industry grew from Rs 728 billion in 2011 to Rs 820 billion in 2012, registering an overall growth of 12.6 per cent. While 2012 was a challenging year for the industry, with some improvement likely in the global economy in 2013 and India’s real GDP expected to be in the region of 6.1 per cent to 6.7 per cent.
Who could`ve possibly imagined that a housefly could become one of the most loved film characters of Indian cinema in recent times? The credit goes to the team behind Makuta VFX, who are basking in the glory of winning the National Award as they recall ‘Eega’ as their toughest project.
Autodesk has announced the new features of its 2014 Entertainment Creation Suite, which comprises the latest editions of award-winning 3D animation, visual effects and creative tools Maya, 3ds Max, MotionBuilder, Mudbox, Softimage and SketchBook Designer.
US-based visual effects studio Prana Studios Inc., which is backed by a group of investors including Mahindra and Mahindra Ltd chairman Anand Mahindra, has acquired animation studio Rhythm and Hues. At a hearing held in a US bankruptcy court in Los Angeles, Judge Neil Bason approved Prana Studios.
Indian animation and visual effects powerhouse, Tata Elxsi - Visual Computing Labs (VCL) was recently honored with "Best VFX shot of the year" and "Best Animated Feature Film (Theatrical)" awards at the prestigious FICCI Frames BAF Awards 2013.