Tracked from 2 mentions on the AVGC-XR wire.
The Economic Times reports that Zee Entertainment will invest up to Rs 116 crore in VFX studio PhantomFX. The investment represents a significant capital infusion into India's VFX sector, strengthening the country's visual effects capabilities. This move underscores Zee's commitment to bolstering its content production infrastructure and supporting domestic VFX talent and technology development.
AnimationXpress reports that India's PhantomFX has secured a majority stake in Tippett Studio, the acclaimed USA-based VFX house. The acquisition marks a significant expansion for PhantomFX into the North American market. Tippett Studio, known for its pioneering work in visual effects and animation, has won multiple Academy Awards. The deal represents growing Indian investment in global creative studios and strengthens PhantomFX's portfolio across animation and VFX production.
via Animation Xpress