Anil Ambani group acquires digital images business of US firm
09 Apr 2008
Reliance Anil Dhirubahi Ambani Group media firm promoted Reliance Big Entertainment, today bought the digital images business of US-based DTS Inc for an undisclosed amount.
The American firm's business DTS Digital Images (DDI), also known as Lowry Digital Images, offers picture quality improvement services to movies, television and video content in Hollywood, the Anil Ambani owned company said in a statement. (Also see: Reliance Entertainment's Big Cinema to open in the US) The acquisition is the first by Reliance Big Entertainment overseas in the digital services space, it added.
DDI is a leading firm in the field of digital restoration and enhancement of moving pictures and makes use of proprietary tools and algorithms.
The company has worked with Walt Disney, Paramount Pictures, MGM and 20th Century Fox, among others.
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.