Reliance Group, Prime Focus announce formation of new entity

03 Jul,2014

Reliance Group has announced the combination of the global film & media services business of Reliance MediaWorks’ (RMW) with Prime Focus Ltd.

 

The combination of RMW – PFL and Academy Award winning Double Negative, led by Matt Holben and Alex Hope, creates the world’s largest and the most integrated media services group with over 5500 people present across 20 locations offering visual effects, stereo 3D conversion, animation, and cloud-based digital media solutions that transcend the film, advertising and television industries. The combination brings instant benefits to global clients, with new levels of creativity, technology innovation, truly integrated Digital Media Services, unmatched scale, financial stability and sustainability.

 

The combined group will also have the world’s first hybrid cloud-enabled Media ERP platform. The platform virtualizes the content supply chain and helps broadcasters, studios, brands, sports and digital businesses manage their business of content, by driving creative enablement, enhancing ecosystem efficiencies and sustainability, reducing costs and realizing new monetization opportunities.

 

Namit Malhotra will be the Executive Chairman and Global CEO of Prime Focus Ltd.

 

“We are hugely excited about the transformational growth opportunity created by the powerful combination of the global film and media services business of Reliance MediaWorks and Prime Focus,” said Amitabh Jhunjhunwala, Group Managing Director, Reliance Group. “Namit is an enormously passionate leader, who has created and run a highly successful global media services business. We are delighted to have the opportunity to support PFL as the Company moves to the next orbit of growth under Namit’s dynamic and ‘turbo-charged’ leadership”, he added.

 

The body of work handled by the new entity includes worldwide blockbusters and critically acclaimed films, such as The Dark Knight Trilogy, Transformers 4, Inception, Gravity, Harry Potter, and Avatar, to name a few. Equally within India, the PFL and RMW combination brings integrated services to the Bollywood industry from equipment rental, and shooting stages up to final digital distribution – a true one stop service.

 

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