Prime Focus Group Acquires Post Logic Studios and Frantic Films VFX

Global Post Production Powerhouse, Prime Focus Group, Expands Holdings to North America with Purchase of Hollywood and New York-based Post Logic Studios and Frantic Films VFX offices in Los Angeles, Winnipeg and Vancouver

Prime Focus Group announced its first North American holdings today with the acquisitions of Post Logic Studios and Frantic Films VFX. Terms of the acquisitions were not disclosed, and the transaction is pending any and all applicable regulatory approvals. The structure of these acquisitions is yet to be finalized.(Namit Mahlotra, Founder, Prime Focus Group, pictured above)

Prime Focus Group’s global footprint is significant with six visual effects and post-production facilities across India and four facilities in London. This latest acquisition adds new facilities in Los Angeles, New York, Vancouver and Winnipeg, along with ownership of 55,000 square feet of prime real estate in the heart of Hollywood, CA and 200 new staff members. Aiming to become the leading visual effects and post-production service provider in each local market, Prime Focus Group facilities in India service the country's thriving two-billion dollar film industry; its London facilities service European film and television projects and in North America will continue to service the domestic film market.

Bicoastal post facility Post Logic Studios, with offices in Hollywood and New York, is known for delivering high level digital intermediate, color science and post-production services to independent and studio feature clientele. Recent projects completed at the facility include Halloween, American Gangster, Mysteries of Pittsburgh, Phoebe in Wonderland, Smart People, Elite Squad and more.

Frantic Films businesses include an award winning visual effects company, with offices in Los Angeles, Vancouver and Winnipeg. Prime Focus Group will also be acquiring Frantic Films Software, the company¹s R&D division that develops and markets visual effects software solutions. Frantic Films has worked on top Hollywood films including Fantastic Four: The Rise of the Silver Surfer, Grindhouse, Superman Returns, X-Men 3, Poseidon, Mr. Magorium's Wonder Emporium and Journey 3-D.

Prime Focus Group is one of the largest integrated film, advertising and television post-production and visual effects companies in the world. It operates six studios in three different cities in India (MUMBAI: PFOCUS) and four studios in London comprising Prime Focus UK, formed last year after the equity investment in effects and post company VTR (LSE: VTR). Prime Focus Group plans to continue operations of both Post Logic Studios and Frantic Films as independent facilities, providing both companies access to a talent pool of over 400 visual effects artists worldwide.

"We are extremely delighted about investing into the incredible talent pool and technology at Frantic Films and Post Logic. The acquisitions strategically complete the Prime Focus Group¹s global proposition to ensure the best creative and technical services for content companies worldwide," said Namit Mahlotra, Founder, Prime Focus Group. "By virtue of their fantastic reputations and top quality services, Post Logic and Frantic Films will facilitate a gateway for Prime Focus Group into all of the major studios. Both companies also have strong R&D divisions that have developed proprietary technologies and processes for film color management, visual effects and pipeline collaboration which will benefit the organization as a whole."

"Having just launched our Image Science Division and refining our 4K DI workflow, this acquisition comes at a very exciting time in Post Logic's history," said Larry Birstock, CEO, Post Logic Studios. "We look forward to being part of the successful Prime Focus Group organization and to taking advantage of creative synergies across continents and across disciplines to deliver a new model for the future of digital post production."

"The acquisition by Prime Focus Group will allow us to expand the Frantic Films presence in North America with additional staff and resources to take on even larger projects than ever before,² said Frantic Films co-founder Chris Bond. "We also anticipate working closely with Prime Focus Group companies across North America, India and the UK to broaden our pipelines internationally, and offer our film VFX clients an expanded slate of post services." Frantic Films also operates live-action production/post production facilities and a television commercial division that will not be a part of this acquisition, and will continue to operate independently out of Winnipeg and Toronto, Canada.

About Prime Focus Group
Prime Focus Group is India's biggest integrated post-production company. Te group operates six facilities in India, and four studios in London offering a comprehensive spectrum of services ranging from visual effects, digital film lab (DI, film scanning and film recording) telecine, editing, motion control and HD production. The group that was formed in the year 1997 in a garage with four people and an investment of 10,000 USD has grown to an organization of over 1250 people with a current market capitalization of over 400 Million USD. For more information, please visit www.primefocus.co.in