ACK Media Acquires Animation Studio; Eyes Education and Career Sites

ACK Media, which had bought rights to popular childrens magazines Amar Chitra Katha and Tinkle Magazine with the agenda of monetizing the content across platforms has now acquired a Bangalore based animation studio – Quietmen Studios, which will now be called Katha Studios. Samir Patil, CEO of ACK Media has said that it’s “not a very big deal”, and that they will also look at that they will also look at tie-ups with animation production studios and gaming companies. More at Animation Xpress.

Patil has told Television Point that they’ll also look to target the 15+ age group “in the long term”…there’s speculation of portals like wetfeet.com, jobokplease.com (JAM Magazine) and pagalguy.com, as well as social networking sites including Minglebox ($7 million from Sequoia Capital) and lifetips.com…the company has refused to divulge details, and it really comes across as a bunch of hype building, unless the company has plans for developing (or acquiring) content targeting the 15+ age group.

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