Reliance Entertainment Acquires Animation Studio Anirights
By Nikhil Pahwa - Mon 26 Nov 2007 05:12 AM PST
I thought this was old news, but apparently not: Reliance Entertainment has acquired Anirights Infomedia, an animation company based in Pune, reports Economic Times (via VC Circle); at TiE-ISB Connect, Rajesh Sawhney, President of Reliance Entertainment had mentioned Anirights as one of their content ventures (screencap of the slide). Anirights in based in Pune, and the acquisition is interesting in the context of Reliance Entertainment’s gaming Jump Games setting up a game development centre in the same city; there’s obvious synergy. Televisionpoint quotes Sawhney: “Our focus is on creating original content (IP market) rather than the outsourcing market.” The acquisition was completed something in the past three months.
Posted in: Companies, ADAG, Reliance Entertainment, Mergers & Acquisitions
