PARIS Dec 20 France's Thomson SA TMS.PA said
on Thursday its Technicolor Services division had sealed a
strategic alliance with DreamWorks Animation DWA.N to develop
in the fast-growing Indian entertainment industry.
The alliance leverages Thomson's recent investment in
Paprikaas Animation Studios, an animation and game content
provider in Bangalore, the statement said.
In February, Technicolor Content Services bought a
controlling stake in Paprikaas, as part of Thomson's strategy to
locate more of its business, notably film post-production and
DVD manufacturing, in India to cut costs and to serve local
According to India's National Association of Software and
Service Companies, the global animation development market is
expected to grow 9 percent yearly through 2009, to become a $26
billion industry. NASSCOM also projects that in India, animation
development will grow 34 percent yearly through 2009 to become a
$950 million market.
(Reporting by Dominique Vidalon, editing by Will Waterman)