Toonz Animation Aims To Double Revenues This Year

CIOL: Thiruvananthapuram-based animation studio Toonz Animation India expects to double its revenue in 2006-07 from $11 million it recorded last fiscal. Toonz, with around 400 employees now, is planning to increase its headcount by another 200 by this year-end. Toonz Animation India CEO P Jayakumar said, “We are doing mostly our own intellectual property stuff. In Toonz, the ratio between co-productions or our own productions and contract production is 70:30. We want to reduce this to 90:10.”

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