Technicolor, the world's largest film processors, has purchased 100 per cent ownership of Paprikaas. More recently, Technicolor has grown the Bangalore studio to include visual effects, as well as compression and authoring services. The studio has produced CG animation since 2001.
“India has emerged as the Asian destination of choice for animation. This enhances our India investments in Paprikaas over the past few years. We have aggregated and developed the best and the finest skill sets in the industry blending international and local artists," said Frederic Rose, CEO, Technicolor.
“Our point of difference is that we have migrated the best practices, garnered through our connectivity with our global business partners. We plan to continue our aggressive growth path in India. Our facility is expanding to support both our core animation and gaming businesses, our visual effects offerings and our compression and authoring services," added Rose.
Biren Ghose, the studio"s general manager opined that the take over will give them greater scope and opportunity while providing their artists all over the country the opportunity to work on great projects with the top most clientele.