India’s NCLT has admitted an insolvency petition against Prime Focus Ltd filed by Reliance Alpha Services Pvt Ltd over a disputed Rs 353.79 crore claim. Prime Focus has challenged the move by approaching the NCLAT, arguing against the petition. The company says its VFX and post production operations continue as usual while the legal battle plays out.
Zee Entertainment Enterprises plans to invest up to Rs 116 crore in Phantom Digital Effects Ltd, under the PhantomFX brand, to enter and scale its AVGC ambitions. The company says the move will strengthen content creation across platforms and genres, drawing on PhantomFX’s global expertise and AI-integrated production to boost speed and output quality.
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