Prime Focus Subsidiary Acquires 48.45% Stake in Spanish Animation Studio Ánima Kitchent Canarias
Prime Focus Limited's subsidiary, Double Negative Films Limited, has acquired a significant equity stake in the Spanish animation studio, Ánima Kitchent Canarias, S.L. The acquisition was finalized on June 26, 2026, and involved the payment of cash consideration.The transaction allowed Prime Focus to secure access to Spanish Animation production capabilities and markets. This move is further highlighted by a partnership with SETT (Sociedad Española para la Transformación Tecnológica), a Spanish Government fund, which has committed an overall investment of Euro 24.9 million into Ánima Kitchent Canarias, S.L. under the framework of a private-public partnership.
The cost associated with acquiring the shares was Rs. 13,70,38,328/-. Double Negative Films Limited acquired a 48.45% equity stake in the target entity.
Ánima Kitchent Canarias, S.L., is an established Spanish animation studio founded in 2014, specializing in producing and distributing high-quality 2D and 3D animated content. The company has successfully created prominent entertainment brands including Cuquín, Lea & Pop, Titto Lizzardo, Tippi T-Rex, and PINY Institute of New York.
Key financial details for the target entity include:
- Turnover in 2025: Rs. 92 crore
- PAT (Profit After Tax): Rs. 11 crore
- Net worth: Rs. 68 crore
The turnover history of Ánima Kitchent Canarias, S.L., over the past three years is detailed below:
| Year | Turnover (Rs. in crore) |
|---|---|
| 2025 | 92 |
| 2024 | 65 |
| 2023 | 59 |
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