DNEG, a leading visual effects (VFX) and animation studio for the creation of feature film, television and multiplatform content, today announced the acquisition of various production and post-production services assets, including a film and TV production studio complex comprising eight soundstages, from its parent company, Prime Focus Limited (PFL).
The transaction positions DNEG as an integrated production services provider to its global client base, complementing its worldwide Academy Award® winning visual effects and animation services offerings
Following the completion of the transaction, DNEG offers 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 acquisition has resulted in an addition in headcount of more than 240 staff members, pushing DNEG’s global headcount to more than 10,000 employees.
As part of the transaction, DNEG has acquired the following key divisions from PFL: Prime Focus Studios (PF Studios), Digital Intermediate (DI), Equipment Rental Services (EQR), and PFL’s 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. It also presents our clients with the benefits of an integrated solution across the entire production chain, unlocking greater efficiencies and savings, with the reassurance of working with a trusted filmmaking partner.”