Jul 28, 2008 (financialwire.net via COMTEX) -- DIS | Quote | Chart | News | PowerRating -- July 28, 2008 (FinancialWire) (Cross Border: US India News Wrap) The Indian animation industry has attracted the attention of leading players in the entertainment sector across the world. Warner Bros Pictures of the Time Warner Inc.
The US major will also be involved in financing and global distribution of the film. Last year Walt Disney Studios (NYSE: DIS | Quote | Chart | News | PowerRating) and Yash Raj Films entered into an alliance to co-produce original computer-animated feature films in India. The growing international interest throws light on the potential of this emerging media.
Animation Industry Sees Encouraging Growth
A study conducted by National Association of Software and Services Companies (NASSCOM) states that the animation industry in India is expected to grow at a CAGR of 35% to USD 950 million by 2009.
Top media groups such as Walt Disney, Cartoon Network and Viacom have been outsourcing animation work to India. In the past few years these outsourced services are maturing from low'end 2D post production work to highly skilled 3D animation. The industry is slowly developing capabilities for co-production of full length animation movies.
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Tuesday, July 29, 2008
Indian Disney In The Making
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2 comments:
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