Cinesite Takes Majority Stake In Indian Animation/VFX Studio Assemblage

Cinesite has taken a majority stake in Mumbai-based animation and vfx studio Assemblage.

Details:

• Under the new partnership, Assemblage will continue to operate independently under founder AK Madhavan and CEO Arjun Madhavan. Founded in 2013, Assemblage provides 3d animation and vfx services to productions from around the world.
• The studio has worked on major global productions for film and tv such as Norm of the North for Lionsgate, Trollhunters for Netflix, Miraculous Ladybug for Disney, Artic Friends for Apple TV and Prime Video, and Swan Princess for Sony.
• According to Cinesite, the acquisition comes at a time of unprecedented demand for global animation services and builds on previous studio acquisitions including Image Engine, Trixter, FX3X, L’Atelier, and Squeeze. Cinesite now has 2,500 employees worldwide.
• Cinesite CEO Antony Hunt said in a release: “Assemblage is an undisputed CGI animation industry leader in Asia and knows the market, the culture, and the landscape better than any other company. To produce the quality of content that we are aiming for to serve the market demand in the future, we need to be able to draw on talent and competence from various territories around the world. Through this venture, we have found the right partner in Assemblage who is well-placed to further solidify its position as an important player in the international animation market, grow its vfx capabilities, and meet the extensive commercial demand in Asia.”
• Assemblage CEO Arjun Madhavan added: “Cinesite brings a wealth of experience in the feature animation and vfx sectors that marries perfectly with our growth strategy. Its creative and technical expertise, multinational presence, and robust talent network provides us with enhanced opportunities. This will empower us to further strengthen our service offerings, deepen our footprint and widen our clientele globally. With a legacy of pioneering many firsts in and from India, we are enthused by how much more we can achieve together.”