Vistas Media Capital, a media and entertainment investment firm, completed the acquisition of majority stake in Paperboat Design Studios, a animation and design company. Financial terms were not disclosed. “We are extremely excited about being a part of Vistas Media Capital as it gives us an opportunity to explore exponential growth across genres and markets. The capital infused will be used to expand the team, create original IPs, and cross synergizes other verticals with them. The business and its offerings are at an inflection point of massive explosion in the post COVID world, across digital and traditional media.” Soumitra Ranade, Paperboat Design Studios CEO and Co-Founder.