The deal will allow the company to offer eight soundstages in a studio complex located at Film City, Mumbai.
With the deal, the firm’s staff grows by more than 240 members, bringing DNEG’s global headcount to more than 10,000 employees.
The addition of the assets will allow DNEG to offer “eight Hollywood-designed soundstages from a studio complex in Film City, Mumbai, and a full suite of film and TV production and post-production services in India, including digital intermediate, camera equipment rental, sound and picture editing, and associated support and technology services,” the company highlighted.
As part of the transaction, DNEG acquired the following assets from Prime Focus: Prime Focus Studios , Digital Intermediate, Equipment Rental Services and its advertising post-production business. “Having achieved a distinctive leadership position across visual effects and animation, with the capabilities and scale to be a preferred partner to our clients, DNEG’s next logical step is to extend our filmmaker-focused services into the production ecosystem,” said DNEG’s chairman and CEO Namit Malhotra. “Adding these new services to DNEG’s portfolio allows us to bring India’s proud 100-year history of film heritage and its industry talent to the global market.
The firm described Prime Focus Studios as “India’s largest integrated film and TV studio facility, spread across a 200,000 square foot complex on seven acres of land in Mumbai’s Film City, and featuring eight sync soundstages, each with a clear internal height of at least 50 feet.
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