Reliance Mediaworks has acquired film processing firm iLab UK

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ACQUISITION 
FDN Database Reference:  F231109-292
 
Acquirer:  Reliance Mediaworks
ACQ Web:  http://www.adlabsfilms.com
Location:  India, Mumbai
Region:  Asia
Description:  Film and entertainment services company and a member of the Reliance Anil Dhirubhai Ambani Group. Operates BIG Cinemas, India’s largest cinema chain with 500 screens across India, US, Malaysia and Netherlands. Also – Film Services: Motion Picture Processing and DI; Visual Effects; Film Restoration and image enhancement; Digital Mastering: Studios and Equipment rentals with facilities located in US and India.
Category:  Entertainment, Film, TV Production
Contact:  Anil Arjun, CEO
 
Vendor:  Ilab UK
Vendor Web:  http://www.ilabuk.co.uk
Location:  United Kingdom
Region:  London
Description:  Ilab offers bespoke, specialist rushes service for the commercials, feature and broadcast market.
Category: Film Production, TV Production
Contact:  Nigel Horn, Managing Director
 
Aprox. Value:  Undisclosed
 
Details:  Reliance Mediaworks Ltd, formerly Adlabs Films, has acquired the assets of Ilab UK. The acquisition marks its entry into the UK market. The shares of RMW touched a high of Rs 286 on news of the acquisition before falling to Rs 280.70 by 2.45 PM.
 
Link: VCCircle

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