ACK Media, owner of the legendary Amar Chitra Katha comics, has acquired a 50% stake in Mumbai based Fable Farm Studios for an undisclosed amount. The studio's founder Vfx veteran Biju D will retain ownership of the rest of the company.
Speaking exclusively to Bollywood Hungama, Biju D said, "We will share revenue on an equal basis. We are currently developing several story ideas and experimenting with a variety of animation styles, which might be later transformed into TV series and films."
Prior to the acquisition, the studio was located at an animation institute in Andheri, Mumbai. "We now have four studios all over India which focus on gaming, IP creation, etc," Samir Patil, CEO of ACK Media added. The studio currently employs 21 artists and will soon shift to a bigger facility.
ACK and Fable Farm also jointly announced a 3D stereoscopic 3D film based on the popular Tinkle character 'Suppandi'. The film will be launched in November 2010, an official release said.
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