Televisual reports that Basilic Fly, an Indian VFX studio, has taken a stake in One Of Us. The acquisition represents an expansion of Basilic Fly's portfolio and signals growing consolidation within the VFX sector. Details regarding the stake size and strategic rationale were not disclosed in the announcement. This move aligns with ongoing industry trends of Indian creative firms diversifying their business interests.
via Televisual
Broadcast reports that India's Basilic Fly Studio has acquired a major stake in One of Us. The investment marks a significant expansion of Basilic Fly's portfolio and strengthens its position in the animation and VFX sector. One of Us is a prominent production studio, and the partnership is expected to enhance collaborative opportunities between the two entities in content creation and visual effects services.
via Broadcast
Indulge Express reports on the launch of Mumbai's inaugural freeform virtual reality gaming studio. The facility caters to amateur players seeking immersive gaming experiences in the growing XR sector. The studio represents expanding infrastructure for VR entertainment in India's gaming landscape, reflecting increased investment in experiential XR venues beyond traditional gaming arcades and entertainment centres.
via Indulge Express
Digital Studio India reports that VFX company DNEG has acquired Prime Focus Technologies, an AI-focused firm. The acquisition represents a strategic move within India's VFX sector, combining DNEG's visual effects expertise with Prime Focus's artificial intelligence capabilities. Details regarding the financial terms and integration timeline were not disclosed in the announcement.
Animation Xpress reports that the fifth edition of its Ann Awards has introduced new categories, with entries now open. The awards programme recognises excellence in India's animation sector. Specific details about the new categories are not provided in the announcement, but the expanded scope reflects growing diversity in the industry's creative disciplines and professional recognition opportunities.
via Animation Xpress
Moneycontrol reports that an Indian VFX studio achieved robust financial performance in FY24, driven by rising demand for visual effects work on home-grown projects. The studio contributed VFX to major Hindi films including Kalki and Munjya. The report highlights the growing appetite for visual effects in Indian cinema and the consequent expansion opportunities for domestic VFX providers amid increased production activity.
via Moneycontrol.com
Business Standard reports that India's gaming sector is forecast to grow to $8.92 billion over the next five years. The projection underscores sustained expansion in one of Asia's fastest-growing digital entertainment markets, driven by increasing smartphone penetration, rising disposable incomes, and growing player engagement across casual and competitive gaming segments.
Moneycontrol reports that DNEG, a subsidiary of Indian VFX firm Prime Focus, has raised $200 million in funding at a $2 billion valuation. The funding round demonstrates investor confidence in the VFX studio's capabilities and growth trajectory, strengthening Prime Focus's position in the global visual effects market.
via Moneycontrol.com
Digital Studio India reports that Warehouse 47 has unveiled Pixelab, a new content production facility in Mumbai designed to redefine production experiences. The facility represents an investment in India's VFX and animation infrastructure, supporting the country's growing AVGC sector capabilities and enabling studios to enhance their production workflows and creative output.
PIB reports that renowned Swiss animator Georges Schwizgebel conducted a master class at the 18th Mumbai International Film Festival (MIFF). The session showcased Schwizgebel's techniques and creative approach to animation, providing Indian animators and students with insights from one of the world's most celebrated independent animators. His participation highlights MIFF's commitment to fostering international collaboration and knowledge exchange within the animation community.
via PIB
The Press Information Bureau reports that animation and VFX pipeline workshops have been conducted at the 18th Mumbai International Film Festival to engage aspiring animators. The initiative aims to provide practical exposure to industry professionals and emerging talent in animation and visual effects, reinforcing Mumbai's role as a hub for creative education and professional development in India's animation sector.
via PIB
According to PIB, experts at the Mumbai International Film Festival (MIFF) panel on 'Building Intellectual Properties Through Animation Films' have emphasised the importance of intellectual property awareness among Indian creators. Panellists stressed that animators and filmmakers must register their products to protect their intellectual property rights, a critical step for safeguarding creative works in India's growing animation sector.
via PIB
Variety reports that Indian animation is set to make a notable splash at the Annecy International Animated Film Festival. The report indicates growing recognition and participation of Indian studios and creators at one of the world's premier animation festivals, highlighting the sector's expanding global footprint and creative output on the international stage.
via Variety
ISB Executive Education has published analysis on online gaming regulation in India. The piece examines policy frameworks and governance approaches required to address the sector's growth. ISB explores regulatory mechanisms needed to balance industry development with consumer protection and responsible gaming practices in the Indian market.
AnimationXpress reports that Indian animation is positioned to shine at Annecy 2024, the prestigious international animation festival. The story highlights India's growing presence and contributions to the global animation industry, underscoring the sector's expanding recognition on the world stage. This represents continued momentum for India's AVGC sector in international markets.
via Animation Xpress
Animation World Network reports on Goppo Animation's contributions to India's animation industry. The studio is positioned as a key player addressing the sector's evolving demands. Details regarding the studio's specific projects, expansion plans, or industry initiatives demonstrate its role in supporting domestic animation production and talent development within India's AVGC ecosystem.
Digital Studio India profiles five leading VFX companies currently operating within India. The piece examines their operations, capabilities, and contributions to the country's visual effects sector. This overview highlights the growing strength and diversity of India's VFX industry, showcasing studios that serve both domestic and international markets within the animation and visual effects production landscape.
Digital Studio India reports that nxtedition will unveil its latest innovations at CABSAT 2024. The event serves as a platform for broadcasting and media technology companies to demonstrate advancements in their offerings. nxtedition's participation underscores the growing significance of technology-driven solutions within India's media and broadcast sector, aligning with the broader digital transformation of content creation and distribution infrastructure.
ANI News reports that the National Film Development Corporation (NFDC) has announced an animation workshop as part of the Mumbai International Film Festival. The workshop will provide a platform for animation professionals and enthusiasts to engage with industry experts, share knowledge, and explore emerging trends in animation. This initiative underscores India's growing emphasis on nurturing talent and fostering skill development within the animation sector through collaborative industry events.
via ANI News
Local Samosa highlights several Indian VR gaming companies delivering real-life gaming experiences. The piece surveys the domestic virtual reality gaming landscape, showcasing studios and ventures operating within India's growing XR segment. It provides an overview of companies active in the immersive gaming space, contributing to the visibility of India's emerging VR gaming sector and its competitive offerings in experiential entertainment.
via Local Samosa
The Indian Express reports that Canon India has announced 'NorthStar', a new initiative designed to support aspiring studio owners in India. The programme aims to assist entrepreneurs and creatives entering the studio business, potentially addressing skill gaps and resource constraints in India's AVGC-XR sector. Canon's move reflects growing corporate investment in building local creative infrastructure and talent development ecosystems within the Indian animation, VFX, and content creation industries.
AnimationXpress reports that Indian film producer Sajid Nadiadwala is establishing a VFX studio in Mumbai. The development marks an expansion into visual effects production by the established filmmaker, strengthening VFX infrastructure in India's entertainment sector. Details regarding the studio's scale, services, and timeline remain to be disclosed.
via Animation Xpress
Digital Studio India reports that NY VFXWaala, headed by actor Ajay Devgn, has announced its international expansion. The VFX studio is broadening its footprint beyond India to serve global clients, marking a significant growth move for the company. This expansion reflects the increasing recognition of Indian VFX talent and capabilities in international markets.
Firstpost reports that Ajay Devgn's NY VFXwaala has secured a stake in Sweden-based VFX company Goodbye Kansas and launched a joint venture studio in India. The partnership marks a significant expansion of the Indian VFX firm's international footprint and capability to deliver services across multiple geographies. Details on the stake percentage and studio operations remain limited in the initial announcement.
via Firstpost
Bollyspice reports that NY VFXWAALA, the award-winning Indian visual effects studio backed by actor Ajay Devgn, has announced a partnership with acclaimed Swedish company Goodbye Kansas Studios. The collaboration aims to strengthen capabilities and expand service offerings in the visual effects sector, combining expertise from both firms to better serve global clients and advance India's VFX industry on the international stage.
via bollyspice.com
Animation Xpress reports that Sweden-based Goodbye Kansas has secured SEK 36.8 million in financing to support a strategic partnership with Indian VFX company NY VFXWAALA. The investment underscores growing international collaboration in India's VFX sector, strengthening ties between European and Indian visual effects studios.
via Animation Xpress
The Hindu reports that the Kerala Cabinet has approved an AVGC-XR (Animation, Visual Effects, Gaming, Comics, and Extended Reality) policy. This policy initiative aims to support and develop the state's animation, VFX, gaming, comics, and extended reality sectors. The approval marks a significant step towards fostering the creative economy in Kerala and establishing a supportive regulatory framework for AVGC-XR industries operating within the state.
via The Hindu
Cartoon Brew reports that India's Phantom FX has acquired Tippett Studio, the legendary visual effects house. The acquisition marks a significant expansion for the Indian VFX firm, gaining access to Tippett's expertise and portfolio spanning decades of Hollywood productions. The deal underscores growing Indian studio ambitions in the global VFX marketplace.
via Cartoon Brew
Deadline reports that India-based VFX company PhantomFX is acquiring Tippett Studio, the legendary visual effects firm founded by Academy Award-winning artist Phil Tippett. The acquisition marks a significant expansion for the Indian VFX sector into Hollywood's established effects infrastructure, combining PhantomFX's growing production capabilities with Tippett Studio's decades of industry expertise and prestigious client relationships.
via Deadline
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
Built In profiles 23 gaming companies based in Bangalore, Karnataka. The feature spotlights the city's gaming industry ecosystem and the studios operating in India's tech hub. Bangalore remains a significant centre for gaming development in India, with numerous studios contributing to the sector's growth and innovation across various gaming genres and technologies.
via Built In
The Hindu reports that Toonz Animation, a homegrown animation company based in Kerala, has completed 25 years of operations. The milestone underscores the studio's longevity and contributions to India's animation sector. Toonz Animation has established itself as a significant player in the Indian AVGC industry, contributing to the country's growing animation production capabilities and talent development over the past quarter-century.
via The Hindu
The BBC reports on workforce challenges facing India's special effects sector. The report examines staffing gaps within the VFX industry, a critical segment of India's AVGC ecosystem. Such shortages can impact project timelines and the competitiveness of Indian studios in the global market. The piece highlights human capital constraints that studios face while meeting growing demand for visual effects work.
via BBC
The Hindu reports that India's animation, VFX, gaming, comics, and XR sector is expected to grow to a $26 billion industry by 2030. The projection underscores the sector's rapid expansion and increasing global recognition. This growth trajectory reflects rising investment, talent development, and international collaborations within India's creative industries, positioning the country as a significant player in global digital content production and emerging technologies.
via The Hindu
The Times of India reports that film studios are partnering to digitise educational content for Tamil Nadu government school students. The initiative aims to leverage animation and visual effects capabilities to enhance learning materials. Details on participating studios and implementation timeline remain limited in available reporting, but the project represents a concrete policy engagement between India's AVGC sector and state education infrastructure.
The Hindu reports that Karnataka has released a new AVGC (animation, VFX, gaming, comics) policy designed to guide the sector's development through 2029. The policy framework aims to support growth across animation, visual effects, gaming, comics, and extended reality segments within the state, reinforcing Karnataka's position as a key hub for India's creative industries.
via The Hindu
Livemint reports that Industrial Light & Magic (ILM), the VFX company behind Star Wars, is positioning India as a significant market for its operations. The report suggests India presents substantial growth opportunities for the visual effects studio, reflecting the country's emerging prominence in the global VFX sector and its appeal to international production houses seeking talent and production capabilities in the AVGC space.
via livemint.com
ETHRWorld.com reports that AVGC-XR (animation, VFX, gaming, comics, and extended reality) technologies are expected to generate approximately 30,000 jobs in Karnataka. The report highlights the significant employment opportunity within the state's growing digital creative sector. Karnataka has emerged as a major hub for India's animation and VFX industries, with substantial investments and talent concentration, making this jobs projection noteworthy for regional economic development and industry growth.
via ETHRWorld.com
Analytics India Magazine reports on Karnataka's plans to create 30,000 jobs in animation, VFX, gaming, comics, and XR by 2028. The state initiative aims to strengthen its position as a major hub for India's growing AVGC-XR sector. The report details the state's strategy to achieve this employment growth target, supporting talent development and industry expansion in the region.
AnimationXpress reports that Assemblage Entertainment has completed 10 years operating in the animation industry and is expanding its footprint by opening a new office in Bengaluru. The studio expansion reflects growing capacity in India's animation sector, with the company establishing a presence in a major tech and creative hub in Karnataka.
via Animation Xpress
Built In has published a feature identifying 20 game development companies operating in India. The piece profiles studios contributing to the nation's growing gaming sector. The article highlights the diversity and scale of India's game development ecosystem, showcasing studios working across various genres and platforms in a market recognised for its creative and technical talent.
via Built In
The Ministry of Information and Broadcasting has opened submissions for the 18th Mumbai International Film Festival (MIFF) 2024 edition, according to a PIB announcement. MIFF is India's premier international film festival, attracting filmmakers and industry professionals globally. The festival provides a platform for Indian and international cinema, including animated and VFX-driven productions, fostering cultural exchange and industry networking within India's film ecosystem.
via PIB
Animation Xpress reports on how India's VFX powerhouses embraced emerging technology trends in 2023, including artificial intelligence and virtual production. The publication highlights the industry's adoption of cutting-edge tools and methodologies that are shaping the sector's evolution, positioning Indian studios at the forefront of technological innovation within the global VFX landscape.
via Animation Xpress
AnimationXpress reports on India's animation landscape in 2023, highlighting resilient growth and significant project achievements across the sector. The article examines key milestones and developments that shaped the industry during the year, reflecting the sector's continued expansion despite broader economic challenges. The report underscores the animation industry's importance to India's creative economy.
via Animation Xpress
e-pao.net reports that Gecko has established itself as a notable player within India's animation sector. The studio has differentiated itself through specialised work, building a distinct market position. Details of Gecko's specific projects, capabilities, or growth trajectory remain limited based on available reporting, though the recognition underscores the expanding diversity of animation studios operating within India's AVGC ecosystem.
via e-pao.net
Moneycontrol.com reports that Nazara Technologies will publish five games developed by four Indian gaming studios. The announcement underscores the publisher's commitment to supporting domestic game developers and expanding its portfolio of titles from homegrown talent within India's growing gaming sector.
via Moneycontrol.com
Moneycontrol.com reports that demand for animation talent continues to hold steady in India's AVGC sector despite growing AI adoption. The article underscores how the animation industry maintains robust recruitment needs, suggesting that technological advancement has not significantly displaced human talent requirements. This reflects ongoing industry confidence in skilled animators and related professionals across Indian studios and production houses.
via Moneycontrol.com
Señal News reports that Prayan Animation Studio is bringing new unique works from India to the international market. The studio is focused on creating and distributing animated content that represents Indian creativity and storytelling on the global stage, contributing to India's growing presence in the animation industry worldwide.
via Senal News
The Press Information Bureau reports that India's Ministry of Information and Broadcasting has proposed the Broadcasting Services (Regulation) Bill, 2023. The bill aims to modernise broadcasting regulation in the country. Details of specific provisions affecting animation, VFX, gaming, comics, or XR content distribution remain unclear from the announcement, but regulatory frameworks directly impact how AVGC-XR content reaches audiences through broadcast and digital channels in India.
via PIB
According to a Press Information Bureau statement, India has been re-elected as President of the Asia-Pacific Institute for Broadcasting Development (AIBD) for a third consecutive term. This reflects India's leadership role in regional broadcasting and media development, with potential implications for AVGC-XR sector coordination and policy influence across the Asia-Pacific region.
via PIB
VFX Voice reports on India's VFX community, highlighting the sector's growth and vibrancy. The piece revisits the Indian VFX landscape, celebrating the talent, studios, and contributions that have shaped the country's position in global visual effects production. The coverage underscores India's significance as a key hub in the international VFX industry.
via VFX Voice -
The Times of India reports that a Chennai-based VFX studio has broken records with its initial public offering. The achievement represents a significant milestone for India's visual effects industry, demonstrating growing investor confidence in the sector. The IPO success underscores the maturation and scale of domestic VFX capabilities, positioning the studio for expanded operations and international opportunities.
Moneycontrol reports that Digikore Studios, a Made in India VFX firm, is preparing for an initial public offering (IPO) as part of its strategy to establish a stronger global presence. The move signals growing maturity and capitalisation ambitions within India's visual effects sector, positioning the studio for international expansion and increased market competitiveness.
via Moneycontrol.com
Digital Studio India reports that Mo-Sys and NVIDIA have partnered to advance broadcast technology solutions. The collaboration aims to enhance production capabilities for the broadcast and media sector, leveraging NVIDIA's computing expertise and Mo-Sys's specialisation in camera tracking and virtual production systems. This partnership is expected to deliver innovation in real-time graphics and studio workflows for content creators in India and globally.
Indian Startup News reports that SBI Life Insurance has entered the metaverse space with the launch of LifeVerse Studio. The initiative represents a significant corporate investment in XR technology by a major Indian financial services company, expanding the metaverse ecosystem within the country and demonstrating enterprise adoption of immersive technologies in India's growing AVGC-XR sector.
AnimationXpress reports on the launch of Animation Creators Pitch, described as a unique opportunity tailored for Indian filmmakers. The initiative aims to support and promote animation creators within India's growing animation sector, providing a platform for emerging talent and established professionals to showcase their work and connect with industry stakeholders.
via Animation Xpress
IBEF has published an analysis of India's gaming sector opportunity. The report, titled Gameconomy, examines the potential for growth and development within India's gaming industry, addressing market dynamics and strategic considerations for stakeholders looking to capitalise on the sector's expansion across the country.
via IBEF
ThePrint reports that Basilic Fly Studio, a leading VFX studio in India, has announced plans for an Initial Public Offering to support its expansion and technological innovation initiatives. The IPO is intended to provide capital for the studio's growth strategies and advancement of its technical capabilities in the VFX sector.
via ThePrint
AnimationXpress reports that India's VFX and animation industries are seeking clarification from authorities on GST applicability for export services. The sectors are seeking to understand how Goods and Services Tax regulations apply to their international service exports, a key issue for Indian studios operating in the global market and competing internationally.
via Animation Xpress
BBC reports on concerns that India's Goods and Services Tax on online games may damage the country's booming gaming sector. The report addresses potential industry impact from the taxation policy, highlighting risks to India's growing gaming landscape as the sector faces regulatory pressures that could affect growth and competitiveness in this strategically important segment.
via BBC