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Suresh Productions and its associated companies comprising the
famous Ramanaidu Studios and Spirit Media bring a wealth of experience,
strategic alliances, and valuable intellectual property to the
table. Mr. Suresh Daggubati, Managing Director,
Suresh Productions and Director, Spirit Media said "We are
excited to be joining forces with FXLabs in helping it realize
it’s full potential in the global video-gaming market. We
look forward to bringing a wide array of industry contacts and
compelling properties to the table and helping the company grow!”
“FXLabs Studios is thrilled to be partnering with Suresh
Productions, Ramanaidu Studios, and Spirit Media. We are anxious
to fully utilize the broad range of assets and talents that they
bring to the table!” said Tony Garcia,
CEO for FXLabs Studios Pvt. Ltd. “By combining our strengths
and talent in the field of game development, with those of Suresh
Productions, FXLabs is set to deliver some of the best and most
compelling game products yet seen on the PC and videogame platforms”
“Tying up with one of the top film production houses in
India gives FXLabs the backing it needs to become the leader in
games for the Indian market” said Sashi Reddi,
founder and Chairman of FXLabs Studios Pvt. Ltd. “While
there are many mobile game providers, FXLabs will be the first
serious developer of PC and console games for the worldwide videogame
market"
“FXLabs expertise in the exciting videogame industry makes
them a natural partner to our group of companies” says, Rana Daggubati, Managing Director, Spirit Media.
“The investment is now added to the many aspects of Spirit
Media’s end to end media entertainment technology services
and will bring in significant business opportunities for us in
the domestic, global media and entertainment market.”
According to PricewaterhouseCoopers report on the global outlook
for entertainment and media the video game market in the United
States, EMEA (Europe, Middle East, Africa), Asia/Pacific, Latin
America, and Canada is expected to see an increase in revenue
of $54.6 billion in 2009, growing at a 16.5 percent compound annual
rate. Asia/Pacific, the largest market, at $10.1 billion in 2004,
is projected to maintain its leadership, growing by 18.0 percent
on a compound annual rate through 2009, reaching $23.1 billion.
FXLabs is already well into production of two world-class videogame
products “Inferno” and “Archie’s
Riverdale Run”. Inferno, an action/horror game
pits players against the denizens of the underworld as they make
their way through an incredible array of visually stunning environments!
Players fight a series of strange and other-worldly creatures,
control up to four distinct characters, and are immersed in a
compelling storyline and eerie soundtrack. Inferno is being developed
at FXLabs production facility in Hyderabad and is scheduled for
completion on the PC platform at the end of the year. Archie’s
Riverdale Run brings the world of Archie comics to life in full
3D for the very first time. Players can select from any number
of their favorite Archie characters and explore the town of Riverdale,
using a variety of vehicles and solving numerous puzzles and challenges.
It’s madcap Arcade-Action that is sure to please Archie
fans all over the world. The game will be available for both the
PC and Xbox and is scheduled for completion in early 2007.
About FXLabs
FXLabs Studios is the leading provider of game development
and production services in India. The company specializes in the
creation of best-in-class game products, as well as high quality
art and animation assets, and state of the art game code. With
well over two decades of collective experience, FXLabs management
team has the knowledge and skill to drive the company and ensure
success. By combining the talent of local artisans with the experience
of games industry veterans, FXLabs has the winning combination
to deliver entertainment experiences which blur the line between
fantasy and reality. With offices in Hyderabad India and Seattle
WA, FXLabs has established itself as THE studio to watch in the
growing entertainment and video-game industries.
For more information please contact:
Press@FXLabs.com
www.fxlabs.com
About Suresh Productions and Spirit
Suresh Productions and Spirit are recognized as leaders
in film production and post production services and provide a one-stop
shop for filmmakers seeking state of the art facilities for end-to-end
solutions in film production, processing, digital intermediate,
visual fx, animation, restoration, studios, distribution and exhibition.
Suresh Productions is in the Guinness Book of world records for
producing over 120 feature films by a single producer - Dr. Ramanaidu.
The Ramanaidu Color Labs has one of the most modern film processing
and printing facilities in the world and has processed hundreds
of the best and most recognized movie properties.
For more information please contact:
info@spiritmedia.in
www.spiritmedia.in
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