Private Equity Other Private Equity/Strategic Investments
Zee Entertainment to invest Rs.116-Cr in VFX studio Phantom Digital Effects
Source Economic Times (opens in a new tab)BSE Announcement (opens in a new tab)
Zee Entertainment Enterprises will invest INR 116 crore in Phantom Digital Effects Ltd. The company will acquire compulsorily convertible debentures (CCDs) in Phantom through a preferential allotment.Phantom Digital Effects is a visual effects and animation studio with a presence in the US and UK. The investment is aimed at enhancing Zee’s content creation capabilities across platforms and genres, leveraging PhantomFX’s global expertise, proprietary workflows, and AI-integrated production capabilities.PhantomFX will continue to operate independently and service its global clients, including studios, broadcasters, and streaming platforms.
Company website ↗ (opens in a new tab)
For FY25, Phantom FX had reported about INR 99 Cr in Operating Income and about INR 20 Cr in PAT.