Tag Archives: Prime Focus

Prime Focus Q4 net loss at INR202 million

Prime Focus has reported a net loss of INR 202.93 million for the quarter that ended in March, 2015. Income from other operations for the VFX and 3D conversion service company, meanwhile, increased 67.34% to INR 4.20 billion. Last year, Prime Focus had reported a net loss of INR 71.57 million and had income of [...]

Prime Focus completes transaction with Reliance MediaWorks

Prime Focus, the media services company, has announced that it has combined Reliance MediaWorks film and media services business with itself. The transaction with RMW, which was first announced in July, 2014, received approval from the Competition Commission of India (CCI) in December last year. The company has reportedly raised INR2.4 billion via equity shares [...]

Prime Focus to divest UK broadcast unit

Prime Focus, Mumbai based visual entertainment services company, has considered to divest its UK broadcast post-production business to Blue 2.0, US based IT firm. While it has planned to retain content services of this unit in UK. The transaction is currently under process and it is expected to be closed in next two weeks. This [...]

Prime Focus posts net loss of INR361mn in Q3 FY15

Prime Focus has incurred a net loss of INR361 million in the third quarter FY 2015. It had recorded a net profit of INR80 million in the third quarter FY 2014. Prime Focus has reported a consolidated total income from operations of INR3.18 billion in Q3 FY 2015 as against INR3.30 billion in Q3 FY [...]

Reliance MediaWorks, Prime Focus buy additional 16.1% stake in new merged entity

Reliance MediaWorks (RMWL) and promoters of Prime Focus have acquired an additional 16.10% stake in the newly merged VFX and media services firm for INR2.50 billion. The companies purchased over 4.8 million shares in the open offer which was held last week. After the merger deal, promoters of the two companies had agreed to hold [...]

Prime Focus completes preferential allotment to Reliance MediaWorks

Prime Focus has reported the completion of preferential allotment of shares to its promoter, Monsoon Studio Private and Reliance MediaWorks worth INR1.20 billion each as part of a merger deal. Prime Focus has further alloted 67.31 million shares to Reliance MediaWorks towards the transfer of its film and media services business. The shares were sold [...]