Chennai-based FrameFlow, a three year-old animation and visual effects company has sold 51% stake to US-based Sony Pictures Imageworks (SPI) for a reported $5 mn. FrameFlow has been renamed as Imageworks India. Founded in the year 2003, FrameFlow has a state-of-art production facility in Chennai employing 80 people delivering solutions to the visual effects industry. SPI will invest in infrastructure and proprietary technology software, besides offering high-end training, and expect to generate revenues of $20 mn over the next three years.
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