Phantom Digital Effects Limited (NSEI:PHANTOMFX) agreed to acquire 80% stake in Tippett Studios, Inc. for $3.8 million on March 11, 2024. Upon completion, Tippett will continue its operations under the same name, Gary Mundell, CEO of Tippett North America, will maintain his position and join the board, along with Cliff McDowell, who assumes the role of COO for North America. The acquisition of Tippett by PHANTOMFX is expected to result in a significant increase in revenue growth of 20-25% during the 2024-2025 financial year.

Sunil Mudgal of Kirin Advisors Private Limited acted as financial advisor to Phantom Digital.