Indian Animation Industry Well-Placed To Cash In On A Global Toon Boom

CIOL: Montreal-based animation software solutions provider Toon Boom Animation Inc., foresees enormous growth potential in the Indian animation industry. The company has been operating in Indian since 1999 and has established a great working relationship with many studios. Rahul Commerce is the Indian distributor for the company and in 2003 around 26 percent of Toon Boom business in Asia came from the Indian market.
The Indian animation industry has been growing at 30 percent annually. The global animation industry is around $2 billion currently and is slated to grow to $4 billion by 2008. According to Toon Boom technology VP Francisco Del, this would lead to a significant increase in local content.
Enumerating the advantages that India has to make it big in the animation industry, Cueto said,

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