Compact Disc to expand animation business, producing 2 big budget Hollywood films

Compact Disc India Ltd has announced that the Company has decided to expand its animation business by setting-up additional studios at Chennai and Thiruvananthapuram within the current financial year. The company is also producing two big budget Hollywood films jointly with iMedia Ventures Ltd, a part of world’s largest media house and a pioneer in digital entertainment. This group has presence in 28 countries with an annual turnover of US$ 200 million. These films will officially be announced before the end of November, 2006 at New York, USA.

Source : Equity Bulls

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