Phantom Digital Effects Limited — Updates, 12-08-2025: Press Release

Phantom Digital Effects (PHANTOMFX) is set to acquire award-winning European studios Milk VFX and Lola Post. This strategic move significantly scales its global production footprint across UK, Ireland, France, and Spain, enhancing access to prestigious clients like BBC and Netflix. Milk VFX reported INR 289 Cr revenue and INR 36 Cr EBITDA in FY2024, expected to drive Phantom's growth from H2FY26. This deal consolidates top creative talent and positions Phantom as a leading global VFX network, complementing its recent China expansion. Investors should watch for increased profitability and market reach.