DNEG to acquire Prime Focus Technologies.

DNEG, a visual entertainment services company, agreed to acquire Prime Focus Technologies, a cloud-based software and artificial intelligence provider. Financial terms were not disclosed. “DNEG is the entertainment industry’s go-to premium turnkey solutions provider thanks to organic market share expansion and key, strategic acquisitions, including today’s MOU with PFT. In concert with DNEG’s deals for several lines of production and post-production services from Prime Focus Limited earlier this year, and our latest studio opening in Sydney, DNEG is truly a global, 24/7 force in the business. DNEG continues to offer unmatched quality, innovation and end-to-end capabilities to meet the visual effects, animation, pre- and post-production, distribution fulfillment services, and media asset management needs of all clients around the globe,” Namit Malhotra, DNEG Chairman and CEO.