Sunday, 31 March 2013
Deal Alert: Prana Studios buys visual effects company Rhythm & Hues
Posted on 21:02 by Unknown
Prana Studios, backed by Mukesh Ambani and Anand Mahindra, has won the bid to purchase bankrupt Rhythm & Hues, which recently won the visual-effects Oscar for Life of Pi, pipping other contenders such as BSE-listed Prime Focus and China's Jian Yamning. Prana, with a big presence in Mumbai and Los Angeles, will acquire the company through its new operating company 34x118 Holdings.
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