Cinesite acquires majority stake in Indian animation and VFX studio Assemblage

Cartoon Brew reports that Cinesite has taken a majority stake in Assemblage, an Indian animation and VFX studio. The acquisition represents significant foreign investment into India's visual effects sector, strengthening Cinesite's capabilities and expanding its presence in the Indian market. Details regarding the financial terms and operational structure of the partnership remain to be disclosed.

Reported by Cartoon Brew. This is a wire brief — read the full story here.