Anil Ambani's firm clinches key images deal
Anil Ambani-promoted Reliance Big Entertainment has acquired the digital images business of US-based DTS Inc for an undisclosed amount.
The American firm's business DTS Digital Images (DDI), also known as Lowry Digital Images, offers picture quality improvement services to movies, television and video content in Hollywood, Reliance Big Entertainment said in a statement on Wedensday.
Further, the acquisition is the first by Reliance Big Entertainment overseas in the digital services space, it added.
Meanwhile, DDI is a leading firm in the field of digital restoration and enhancement of moving pictures and makes use of proprietary tools and algorithms.
Also, DDI works with Walt Disney, Paramount Pictures, MGM and 20th Century Fox, among others.
Reliance Big Entertainment is the flagship media and entertainment company of Anil Ambani group. The firm plans to have three main lines of business - internet and new media, film entertainment and TV broadcasting.