India-based Pentamedia Graphics has agreed to buy California-based movie production company Improvision for US$19.8 million in stock. Pentamedia first teamed with Improvision as co-production and distribution partners for the animated film SINBAD: BEYOND THE VEIL OF MISTS. Currently, a sequel to that 3D motion-capture film is in production. Improvision's purchase will "help strengthen Pentamedia's pre-production and post-production skills and also its distribution reach in the United States," the company said.
Learn more about the early stages of SINBAD in Animation World Magazine.