Animation World Network reports that Basilic Fly Studio has acquired a 70% stake in One of Us VFX Studio. The transaction represents a significant consolidation move within the VFX sector, strengthening Basilic Fly's portfolio and market position. Details regarding the financial terms and operational integration remain limited in the announcement.
Moneycontrol.com reports that the Karnataka government has unveiled operational guidelines for companies under its animation and gaming policy 3.0.
via Moneycontrol.com
The Statesman reports on future visions and emerging trends reshaping India's animation sector. The article examines key developments influencing the industry's trajectory, exploring how evolving technologies, market dynamics, and creative approaches are positioning Indian animation studios for growth. Specific trends highlighted reflect the sector's adaptation to global demands and domestic opportunities, underscoring animation's expanding role within India's broader AVGC ecosystem.
via The Statesman
Elets eGov reports on Karnataka's new comprehensive AVGC-XR policy designed to empower startups and micro, small and medium enterprises in the animation, VFX, gaming, comics and extended reality sectors. The policy aims to foster innovation and growth within the state's creative industries, providing support mechanisms for emerging businesses in these high-growth segments.
via Elets eGov
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
The Times of India reports on expectations the Indian gaming industry has ahead of Budget 2024, though specific details are not provided in the available summary.
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
Moneycontrol reports that Indian gaming studios have appealed to Prime Minister Modi for a clear policy distinction between video games and real-money gaming (RMG). The studios argue that video games should not be conflated with gambling under regulatory frameworks. The distinction is crucial for India's gaming sector to operate with regulatory clarity and avoid restrictions intended for real-money gambling platforms.
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.
Goa Chronicle reports that NASSCOM FAYA:80 will host a seminar on AVGC-XR on July 10.
via Goa Chronicle
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.
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.
The Times of India reports that DNEG, the VFX studio behind Oppenheimer, may cut hundreds of jobs at its headquarters and other cities.
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
Animation Xpress reports that AVGC-XR doyen Biren Ghose presented a panoramic view of Bengaluru GAFX 2024.
via Animation Xpress
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
Animation Xpress reports that Karnataka has released its AVCG-XR Policy 3.0, outlining incentives for the animation, VFX, gaming, comics and XR sectors through 2029.
via Animation Xpress
The Indian Express reports that the Kerala Cabinet has approved a policy covering animation, visual effects, gaming, comics, and XR sectors.
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
Pocket Gamer.biz reports that India is positioned to become a leading gaming hub, with esports players reaching 2.5 million in 2024.
via Pocket Gamer.biz
AnimationXpress reports that ReDefine and DNEG contributed 3,500 VFX shots to bring aerial combat sequences to life in Siddharth Anand's film Fighter.
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 New Indian Express reports that the Karnataka cabinet has approved an animation and gaming policy for the 2024-29 period.
Livemint reports on Counseling Shortcuts, described as India's first VR-based ed-tech startup, and its impact on the education sector.
via Livemint
Moneycontrol reports that virtual reality startup AutoVRse has secured $2 million in funding, with Lumikai leading the round.
via Moneycontrol.com
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 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
Moneycontrol.com reports that WinZO has selected 10 titles for an export initiative featuring made-in-India games.
via Moneycontrol.com
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 Hindu reports that India's animation, VFX, gaming, comics and XR sector is expected to become a $26-billion industry by 2030.
via The Hindu
Digital Studio India reports that Gaurav Verma, COO of Red Chillies Entertainment, has departed the company after nearly a decade with the organisation.
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
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
Cartoon Brew reports that Indian animation, VFX, and video games took centre-stage at Animela Festival in Mumbai over a weekend in January 2024.
via Cartoon Brew
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
The Ministry of Information and Broadcasting has opened entries for the 18th Mumbai International Film Festival 2024 edition, according to a PIB announcement.
via PIB
The Hindu reports that a state draft animation policy aims to create 50,000 jobs by 2029.
via The Hindu
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