wordpress blog stats
Connect with us

Hi, what are you looking for?

Reliance MediaWorks To Set Up JV With In-Three

logo_mediaworksReliance ADA Group company MediaWorks (or Adlabs Films)  and US-based In-Three will set up a joint in-threelogoventure studio for conversion of 2D movies into 3D, digital cinema quality ones in India. MediaWorks will provide the infrastructure while In-Three’s patented technology Dimensionalization and MediaWorks’ subsidiary Lowry Digital‘s proprietary image processing tools will be utilised for making the 3D titles. It appears that the new studio will focus mainly on Hollywood titles and content from global clients of In-Three and not Indian content.

MediaWorks also owns a theatre chain BIG Cinemas which has 500 screens in India, US, Malaysia and Indonesia. In October, another theatre chain owner Pyramid Saimira sold 39.87% stake of its film production subsidiary Pyramid Saimira Productions International to RDB Group and announced that it would produce 28 films and 1,785 hours of TV content for 2010-2011.

3D Stereoscopic Films; In-Three

MediaWorks and In-Three will produce 15-25 feature film projects in a year and will begin the first joint project with the company’s US subsidiary Lowry Digital will start from early 2010. With this, MediaWorks has extended its expertise into stereoscopic 3D films. Other 3D stereoscopic films are the kinds such as Dreamwork Animation’s Monsters vs Aliens, Pixar/Disney’s Toy Story and the upcoming Avatar by 20th Century Fox.

There is not much information on founders of In-Three, only that it was set up in 1999, it recently completed work on Disney’s G-Force and its next project is a Hollywood movie.

MediaWorks reported a consolidated net loss of $2.3 million for the quarter ending September 2009. Revenues from film and media services increased by 64% to $10 million sequentially.

Key Corporate Announcements From ADAG

In July, the group’s chairman Anil Ambani had hinted that an IPO was in the offing, and the $325 million equity infusion into Dreamworks Studios was a sign that something BIG was to happen, yet there has been no update on the company’s plans to go public. Since then, the company has launched BIG Maps on Reliance GSM network, partnered with Spice Digital (previously Cellebrum) for a mobile application for its video on demand and DVD rental business BigFlix and MediaWorks recently reorganized its theatre chain BIG Cinemas operations into two business strategic units based on geographical division.

Sep09 Results Digest: Reliance Mediaworks (Adlabs), CDIL, Tata Comm & Pyramid Saimira
All the BIG businesses

You May Also Like


The Delhi High Court on Monday refused to stop Amazon from pushing regulators to stop the sale of the Future Group’s businesses to Reliance...


Pine Labs has raised around $100 million in fresh funds from Lone Pine Capital, a hedge fund based in the United States, at a...


Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...


Minister of Road Transport and Highways Nitin Gadkari said on December 17 that GPS-based tolling will replace toll plazas in two years, The Hindu...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ