Crest Animation Studios Limited
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BSE Code:
526785
NSE Code:
CRESTANI
Business Profile
Business Profile
Crest Animation Studios (CRESTANI), develops and produces computer-generated animation products for the global theatrical feature film, home video and television entertainment markets. Founded by Shyam Ramanna (chairman) in 1990, the company was converted into a public limited company on Jul. 08, 1994. Earlier known as Crest Communications, it got its present name on Dec. 22, 2004.
The company uses its Mumbai-based animation facility and its Los Angeles arm to provide high quality CGI (computer generated imaging) animation product to the global animation industry. It offers to develop quality properties and to offer superior outsourcing services across all major formats of the entertainment industry, primarily feature films, DVD, television and interactive gaming. The Mumbai office has a production team of approximately 500 working in a 45,000 sq. ft. facility with multi-software/platform adaptability skills.
Delivering more than 200 half hours of television and home video titles in CGI animation, the company has worked for such clients as Mike Young Productions, Mark Brown, Classic Media, Nelvana, American Greetings, Marathon and Nickelodeon. It is the first Indian company to have produced an animated Hollywood film and has produced animation for several international TV shows such as Jakers and Pet Alien that have won many awards including Daytime EMMY, BAFTA, FICCI Frames 2005, Humanitas Prize for Children`s Animation, and a nomination for Annie Award.
Recent awards include the Maharashtra IT Award 07 - Media & Entertainment. A recent tie-up is in place with Lions Gate Family Entertainment to co-produce three movies. The first feature film is currently under production. It has signed a deal with Marathon, a French production house for a 52-episode TV series with a project size of USD 18 million.
The registered office of the company is at 501, Raheja Plaza-1, LBS Marg, Ghatkopar (West), Mumbai-400086.
Financials
Crest Animation Studios registered a 140.36% growth in net profit to Rs 10.6 million for the quarter ended December 2007 from a profit of Rs 4.41 million for the quarter ended December 2006.
Net sales rose 83.34% to Rs 227.54 million for the quarter ended December 2007 from Rs 124.11 million for the quarter ended December 2006.
Total income rose 88.42% to Rs 236.15 million for the quarter ended December 2007 from Rs 125.33 million for the quarter ended December 2006.
The earnings per share (EPS) of the company stood at Rs 0.47 for the quarter ended December 2007.
Recent Developments
04-APR-08
The company announced that Alpha and Omega, the first animated Hollywood film by an Indian company, will feature the voices of Justin Long (Live Free or Die Hard) and Hayden Panettiere (Raising Helen). Production for Alpha and Omega is under way at Crest Animation Production Services, Crest`s California subsidiary, as well as at Crest`s Ghatkopar studio. The film is targeted to release in 2010.
Future Plans
From 2011, Crest plans to produce and release one CGI animation film every year.