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MUMBAI:
Post production and special effects studio Prime Focus is
set to acquire the entire post production business of UTV
Software Communications - United Studios Ltd (USL).
The
deal includes equipment and business contracts from UTV.
Besides,
UTV will also assign or transfer all rights, title, ownership,
and usage of the brand, mark and related intellectual property
right in respect of the brand USL to Prime Focus.
While
no details were available on the price the studio is paying
for USL purchase, it is learnt that Prime Focus will henceforth
be doing most of the post-production work for UTV’s movies.
Prime
Focus has been doing post production and visual effects work
for both Hollywood and Hindi films. Among the notable movies
it has worked on are Black, Company, Guru, Hey Babby and
Chak De India.
UTV
promoter Ronnie Screwvala set up USL with the aim of making
it South Asia's premier studio and animation complex. In order
to strengthen its presence, USL acquired post production boutique
WOMTL in March 2003.
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