Animation companies to release 25 movies in 2 years

Animation companies to release 25 movies in 2 years
7 Jan, 2008, 0000 hrs IST,Meenakshi Verma, TNN

NEW DELHI: It's going to rain animation movies on Indian celluloid, with all major studios and animation companies lining up a slew of releases to keep one entertained till 2009. According to industry estimates, more than 25 movies are up for release in 2008 and 2009. According to NASSCOM estimates, the animation industry is likely to become a $950-million business in the country by 2010.
While international major Disney Studios will foray into the Indian animation space with co-production tie-ups with Yash Raj Films and Karan Johar’s Dharma Productions, ADAG’s Adlabs Films, Pritish Nandy Communications, Percept and Shemaroo are others big companies that are producing animation movies for release within the next two years. The Indian Film Company has also firmed up plans in collaboration with Richard Branson & Shekhar Kapoor’s Virgin Comics to make three horror animation movies.

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