MAAC gets gobled up by arena(aptech)
this has been the saddest part to be known that the very institute that created a niche for itself as the first institute to produce quality animators and vfx arists have been taken out by none other than arena which itself lists at the last few places in terms of quality is concerned.
the deal is said to be around Rs.75 crores which is a pity considering maac once earned in the range of Rs.200 crores before the recession set in.
maac had been a major player in the animation field and there had been no real competitors before frameboxx broke out of its shadow taking along much of the quality people along with it. after the breakup maac tried to regain the lost ground but as luck would have it, the jobs in the animation industry dried up leaving behind many grumpy students who had finished their training and were targetting maac by bad mouthing.
well many people say recession caused the downfall to me it was the bad decision to let people go to frameboxx did it in....
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