The Government of India set in motion fresh initiatives to establish itself as an international shooting destination in the same league as well-established location sectors in Eastern Europe or Latin America. Authorities in 2016 established the Film Facilitation Office (FFO) with the aim "to streamline approvals for both foreign and...
Acquisition of Rhythm & Hues by Prana Studios
34x118 Holdings Inc., an affiliate of Prana Studios (an American computer animation and visual effects company, based in Los Angeles, with a subsidiary in Mumbai, India), recently won a bankruptcy auction. The company bid just $1.2 million in cash and assumption of up to $17 million in debt in order...