Animation
FIPB rejects Irish animation firm’s proposal to set shop in India
NEW DELHI: The Foreign Investments Promotion Board (FIPB) has rejected the proposal by Irish animation firm DW Animation Ireland Limited for setting up of an LLP in India.
The proposed FDI (foreign direct investment) was of a mere Rs 99,980 amounting to $1,587 contributing 99.98 per cent of the capital of LLP by DW Animation Ireland Limited; and Rs 10 amounting to $0.16 contributing 0.01 per cent of the capital of LLP by Robert Alan Kelly.
The FIBP also rejected the proposal by Atria Convergence Technologies for 100 per cent transfer of shares from existing shareholders to new Foreign Investors Argan (Mauritius) Limited and TA FVCI Investors Limited.
On the other hand, the Finance Ministry on the recommendation of the FIPB accepted a proposal by International Trade and Exhibitions India for proposed expansion of the scope of its business activities in printing, publishing and circulating or otherwise, dealing in all types of books, scientific and technical magazines, specialty journals, periodicals and other publications but not in any manner dealing with news and current affairs. However, this proposal does not involve any FDI.
MUMBAI: History is getting a fresh rewrite this time with code, creativity and a longer arc in mind. Lens Vault Studios has announced its first original production, Bal Tanhaji, marking the official entry of the newly launched, tech-driven studio into India’s evolving entertainment landscape.
Arriving six years after the box-office success of Tanhaji: The Unsung Warrior, the new project expands the universe rather than revisiting familiar ground. Bal Tanhaji explores uncharted narrative territory, signalling a clear shift from one-off cinematic spectacles to long-format, world-building storytelling designed for digital-first audiences.
At the heart of this ambition is Prismix Studios, the in-house generative AI and technology arm powering the creative engine behind the show. The studio’s approach blends storytelling with next-generation tools, aiming to reimagine how Indian IPs are created, scaled and sustained beyond theatrical releases.
For Lens Vault Studios chairman Ajay Devgn the new venture represents a deliberate step beyond traditional cinema. The focus is firmly on building long-form intellectual properties across fiction and non-fiction, tailored to changing viewing habits and platform-led consumption. He said the studio intends to explore formats that remain largely untapped, while drawing on the team’s experience with large-scale cinematic storytelling.
Lens Vault Studios founder and CEO Danish Devgn echoed that sentiment, describing Bal Tanhaji as the studio’s first generative-AI-led IP and the starting point of a broader vision. The aim, he noted, is to carry forward the legacy of the Tanhaji universe while connecting with younger audiences through a blend of powerful narratives and emerging technologies.
With Bal Tanhaji, Lens Vault Studios is planting its flag early not just launching a show, but signalling a larger play for cinematic universes that live, grow and evolve across platforms. If this debut is any indication, the future of Indian storytelling may be as much about imagination as it is about innovation.
