Oscars 2025: This media company’s subsidiary wins the Oscar for VFX in Dune: Part Two; check details

Prime Focus shares are in focus today after its step-down subsidiary, DNEG, a leading visual effects (VFX) company, won the Visual Effects Oscar for its work for the movie Dune: Part Two at the 97th Academy Awards®.

DNEG is a world-leading visual effects, animation, and creative technologies company for the creation of film, TV, and immersive content. It has production studios across North America, Europe, Asia, and Australia. The company has also been honoured with an Oscar for its work on Dune: Part One (2022), Tenet (2021), First Man (2019), Blade Runner 2049 (2018), Ex Machina (2016), Interstellar (2015), and Inception (2011).

Prime Focus acquired DNEG in 2014. The combined strength of both companies has led to an extraordinary seven Oscar wins in just 10 years, solidifying their impact on the global visual effects industry.

Prime Focus has been listed on the stock exchange since 2006. The company is engaged in post-production activities, including digital intermediate, visual effects, 2D to 3D conversion, and other technical and creative services. It mainly serves the media and entertainment industry. Prime Focus stock currently trades at around ₹96 per share, down 0.5% on NSE at 9:30 am on March 4.

In Q3FY25, the company reported an 8% YoY rise in consolidated operating revenue to ₹909 crore with a net loss of ₹60.2 crore. The company’s financials are quite volatile, swinging between loss and profits. In the September quarter, the company reported net profit of ₹33.4 crore.

The company is currently working on upcoming projects, including Mickey 17 (Mar 2025), Eden (Apr 2025), Animal Friends (Oct 2025), Mortal Kombat 2 (Oct 2025), Mercy (Jan 2026), Ramayana, Bad Fairies, Motor City, The Cat In The Hat, Heads of State, and The Angry Birds Movie 3.

Recently, Brahma, a global AI and content technology company and part of the DNEG Group, acquired AI content developer Metaphysic. Following this transaction, Brahma's valuation stood at $1.43 billion.

Following the Oscar wins, Namit Malhotra, DNEG Group Founder and CEO, said: “For our team to be honoured with this year’s Oscar® for Visual Effects for Dune: Part Two is an incredible achievement and another milestone in our journey. This recognition by the Academy - our eighth VFX Oscar® since 2011 - is another endorsement of the creative and technical leadership of our teams here at DNEG. My heartfelt thanks to Denis Villeneuve for his vision and leadership, and to Paul Lambert, Greig Fraser and other key members of the filmmaking team. Special thanks also to Mary Parent and the team at Legendary and to everyone at Warner Bros. for once again giving us the opportunity to be a part of bringing this incredible story to the big screen. And huge congratulations and thanks to the thousands of DNEG artists, technicians and support staff around the world, who all share this honour.