Magazine article Screen International

Prime Focus Pacts with Reliance MediaWorks

Magazine article Screen International

Prime Focus Pacts with Reliance MediaWorks

Article excerpt

The UK's Prime Focus has joined forces with India-based Reliance MediaWorks.

Prime Focus has taken on the facilities and studios business of Reliance MediaWorks, which has paid around £12m ($20.6m) for a 30.2% stake in the group.

The deal, which follows Prime Focus' acquisition of Soho VFX firm Double Negative, gives the combined entity a presence in 20 locations including the UK, India, the US, Canada, Singapore and Beijing with a combined workforce of 5,500.

Their pooled film and media services businesses include a total of 1 million sq ft of facilities including studios in Film City, Mumbai, a 30% stake in Digital Domain and 100% ownership of LA film restoration firm Lowry Digital and will offer a host of post-production services to film, TV and advertising clients including stereo VFX, 3D conversion, animation and cloud based-digital media services. …

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