Technopark-based animation company Toonz has set up its new production unit in Canada -- Toonz Entertainment Global (TEG) in association with Mediabiz International of Canada. TEG Canada will concentrate on producing both animation and live action properties, the company said.
“The decision to set up a base in Canada stems from the growing co-operation between the North American production houses and Asian counterparts. It will help leverage the cost arbitrage of Asia vis-à-vis the conducive production ecosystem in Canada,” said P Jayakumar, CEO, Toonz group.
Among the projects in the pipeline are the iconic Speed Racer TV series (season 2) and HTDT (TV series), both budgeted at $6.2 million each. TEG Canada aims to invest in projects worth $ 200 million in the next three years, a press release said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app