Cinesite takes majority stake in Indian animation studio Assemblage

Variety reports that VFX outfit Cinesite has acquired a majority stake in Assemblage, an Indian animation studio. The investment represents a significant development in India's growing AVGC sector, with the international VFX company strengthening its presence in the country's animation industry through the strategic acquisition of the domestic studio, signalling confidence in India's creative talent and production capabilities.

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