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Digikore Studios Ltd, a major Indian visual effects (VFX) and virtual production studio, has won a high-profile ₹26.9 million (approx. $325,000) order to provide premium VFX services for a leading Netflix series. This new victory is the latest testament to Digikore's expanding global footprint in the entertainment sector and reaffirms its position as a go-to collaborator for premium streaming services.
High-Profile Netflix Series Deal:
Digikore Studios has bagged a ₹26.9 million order to deliver VFX and virtual production services for a high-profile Netflix original series. This comes after a series of high-profile international productions, including a recent $1.2 million (₹10 crore) deal for a high-profile American OTT series, reflecting the company's growing reputation in Hollywood and internationally.
Strategic Growth in North America:
The contract was secured through the collaborative efforts of Digikore's Los Angeles and Montreal-based teams, with assistance from its highly experienced staff based in Pune, India. This cross-continental coordination takes advantage of Digikore's sophisticated global VFX pipeline for ensuring smooth project execution and creative excellence.
Execution Timeline:
The project will commence in mid-2025, and delivery will be made by the end of the year. Digikore's North America and India teams will closely collaborate to ensure that they meet Netflix's stringent creative and technical requirements, leveraging the latest technology and workflow integration.
Industry Recognition and Expansion:
Digikore's success in winning high-value, marquee projects from leading global streaming heavyweights such as Netflix and Amazon is a testimony to its world-class talent base and strong production infrastructure. Digikore's North American growth strategy is delivering results, and the company's pipeline of direct projects from major studios and content creators is building.
Financial and Strategic Impact
This order contributes to Digikore's robust order book for FY25, with management expecting high revenue growth from global VFX and virtual production orders. The company is poised to be a $100 million player in three to four years, fueled by its growing global footprint and strategic alliances.
Insight
Digikore Studios' new Netflix deal not only improves its financial performance for FY25 but also solidifies its position as a "go-to" VFX collaborator for the globe's most powerful streaming platforms. By merging Indian talent with worldwide experience and a high-end global workflow, Digikore is well set to take advantage of the growing need for high-end VFX in the age of global streaming content.
Source: The Print/ANI, MarketScreener, Devdiscourse, DSIJ, Digikore Studios H1 FY25 Concall Transcript
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