In its first acquisition in the digital services space, ADAG’s Reliance Big Entertainment has acquired US-based DTS Inc’s Digital Images Business (DDI) for about $7.5 million.
DDI popularly known as Lowry Digital Images, is a well-known independent restoration firm in Hollywood, providing picture quality improvement services and digital restoration.
It’s body of work includes over 300 well-known feature films — Casablanca, Singing in the rain, Sunset Boulevard, Indiana Jones trilogy, Star Wars Trilogy, James Bond classics — with output to DVD, 35mm film, digital cinema and Imax.
Industry observers said that this acquisition would help Reliance Big Entertainment to cater to the rapidly growing 3D content market with technology solutions for correction in original stereoscopic footage as well as re-rendering of 2D footage into 3D.
DDI recently provided custom image processing services for New Line Cinema and Walden Media’s Journey to the Centre of the Earth 3D, the world’s first digitally captured stereoscopic live action film shot in digital 3D.
Read more in The DNA Money article.
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