Strengthening its foothold in UK's post-production market, Anil Ambani's Reliance Mediaworks Ltd has acquired the assets of ilab UK Ltd, enabling it to service local filmmakers, Hollywood and the Hindi film industry.
Reliance Mediaworks has opened a dedicated film and media services facility in London, which would offer front-end, processing, restoration, 2D to 3D conversion and post-production services to broadcasters and studios, the company said in a release here today. The company did not disclose the amount for which it acquired ilab.
"Our expansion is growing at a remarkable pace and we are happy to now be offering our services in the UK, one of the world’s leading post-production markets," Reliance MediaWorks CEO Anil Arjun said. "Through Reliance MediaWorks UK, we would provide next generation services for the local filmmakers and broadcasters, while also catering to Hollywood and Hindi film businesses."
Arjun said the acquisition of ilab strengthens the company's portfolio in Britain and also creates synergies in its UK operations and existing media services chain globally. Reliance MediaWorks UK offers high-end services within its own facility and also taps into the quality and scale of services available through the parent company's operations in India and US.