DTS Digital Images acquired by Reliance Big Entertainment
Posted by TechInfo Admin on April 10, 2008
Reliance Big Entertainment has acquired the digital images business of US-based DTS Inc for an undisclosed amount. DTS Digital Images is also known as Lowry Digital Images and they specialize in restoration of digital media content. They provide solutions to Hollywood studios in improving the picture quality of movies, television and video content. Reliance said that this acquisition deal is worth around $18 million. They would gain major clients including Walt Disney, Paramount Pictures, MGM and 20th Century Fox in addition to George Lucas and James Cameroon with this deal.
Reliance Big Entertainment is the flagship media and entertainment company of Anil Ambani group. The firm plans to have three main lines of business – internet and new media, film entertainment and TV broadcasting. The Reliance Anil Dhirubhai Ambani (ADA) Group is among India’s top three private sector business houses on all major financial parameters
