VFX and animation studio DNEG 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).
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.
DNEG chairman and CEO Namit Malhotra said, “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.”
In addition to VFX and animation, DNEG now offers the following services to its global clients:
PF Studios is 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. It features eight sync soundstages, each with a clear internal height of at least 50 feet. Designed by Wylie Carter Architects in Los Angeles, and close to Mumbai’s major transportation hubs, the PF studios feature a Film Processing Lab, Film Image Enhancement facilities, production offices, makeup rooms, workshop areas, cafeteria facilities and a vast choice of backlot locations within a 520-acre property.
Digital Intermediate (DI)
As the first team to offer DI technology in India, the DI division has provided colour grading services on over 500 feature films since its opening in 2003. It is equipped with Baselight grading systems and the latest digital projectors in an integrated network of six dedicated DI suites. The team, who also provide IMAX mastering services, recently delivered DI services for Bollywood movie Brahmāstra, among many other projects.
Equipment Rental Services (EQR)
The EQR division has an inventory of over 40 high-end feature film cameras and associated kits. With a full range of ARRI, Sony and RED cameras, the division has a client base ranging from film and TV production houses and studios in the country to independent filmmakers. It also caters to the advertising market as well as sporting events such as the Abu Dhabi T10 Premier League and the Maharashtra Premier League.
The Advertising division operates from a 10,000 square foot, state-of-the-art, HD post facility in Mumbai, with 12 Smoke/Flame edit suites, Baselight colour grading suites and Telecine colour correction, a CGI / VFX team and more. The Advertising team delivers more than 1,500 commercials each year, working closely with directors, production houses and advertising agencies to create ads for brands such as LG, Cadbury, De Beers Forevermark, Maruti and many more.