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Beijing-based Galloping Horse and India’s Reliance MediaWorks (RMW) have formed a joint venture to buy bankrupt US visual effects studio Digital Domain for $30.2m (£18.6m).
The joint venture, between RMW and a US subsidiary of the Chinese media company, outbid other companies in a bankruptcy court auction.
RMW gained a UK presence in 2010 by buying the assets of Soho film processing company iLab.
Digital Domain co-located a visual effects team at RMW’s Poland Street base in July last year.
Stirling Studios will be a 210,000 sq ft space within reach of Glasgow and Edinburgh
Studio devised with funding from Creative UK
Vibrant Television, talkSport and Two Circles execs discussed how podcast producers can monetise their content and ensure it pops with listeners
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