While a lot of industry gossipmongers are talking about the debacle of Jadooworks, the top management at the company has denied the talks of JW’s windfall doing the rounds and has claimed all such talk to be rumours.
While there is no smoke without fire, we at Animation ‘xpress are glad and more than happy to believe the JW version of the story.
Denying reports which appeared in some section of the media in sections of the press ,of salary cuts, Rajiv Marwah, CEO of India’s premiere animation company, Jadoo Works Pvt. Ltd., Bangalore while speaking to Tarachand W of Indiantelevison.com’s Bangalore bureau, said, “There is definitely a cost rationalization going on at our end, and this is a normal activity for any business, but no salary cuts have been made.”
“We are looking out for growth capital, not working capital. Based on rumors, people do approach us for takeover, this is inevitable for any new company in the animation business today, but we, are not going around offering Jadoo Works for sale”, said Marwah when asked about takeover rumors and rumors of lack of funds.
“We have a number of small projects under NDA and hence can’t disclose them. For Krishna, we are having some glitches. We would like to make a top-notch quality product, suitable for an international audience, for global consumption.” said Marwah about the reports in the media about Jadoo’s lack of orders and non-existent progress in their much publicized Krishna project.
Regarding projects from Mike Young projects moving to Crest, Marwah said, “This is only one incident, and I would not like to comment on Crest at all.”
When asked about issues like Piracy, Marwah commented, “Piracy in any form is bad. The customer must insist that the vendor shows them licenses of the software used to create the animation. Animation software, as you know is very expensive, the onus lies with the customer. A customer can get into a lot of trouble, if even after telecasting the software provider claims that the software used to create the animation content has been pirated.”