Phantom Digital Effects Limited, headquartered in Chennai, has formally launched Phantom Media Group (PMG), a new umbrella organisation uniting several established visual-effects and post-production studios. The group brings together Milk VFX, Lola Post, Tippett Studio, PhantomFX and Spectre Post into one global structure.
Confirmed Structure and Intent
Official filings and press materials confirm that PMG sits above the existing Phantom FX corporate entity. Each studio remains operationally independent but aligned for global productions. The press release describes PMG as “a unified global identity combining creativity, scale and technology.” The announcement confirms earlier acquisitions by Phantom Digital Effects: Milk VFX and Lola Post were added in 2025, and Tippett Studio joined the group in 2024. Spectre Post, based in Bengaluru, was launched internally by Phantom FX earlier this year.
The five studios share a long list of high-profile credits. Milk VFX has contributed to Good Omens, Doctor Who and Fantastic Beasts: The Crimes of Grindelwald. Lola Post is known for Walking With Dinosaurs and Bad Sisters. Tippett Studio, founded by Oscar-winning supervisor Phil Tippett, has a legacy spanning Jurassic Park, Starship Troopers and The Walking Dead. Phantom FX’s credits include large-scale Indian features and streaming series.
Strategy and Scale
PMG’s stated aim is to provide end-to-end creative services across multiple territories. The organisation cites a focus on global collaboration, shared technology, and integration of real-time rendering and machine-learning tools. Each studio’s distinct creative style is expected to remain intact. According to Phantom Digital Effects, the consolidation expands its presence across the United Kingdom, United States and Asia-Pacific.
Industry Context
The creation of Phantom Media Group reflects an ongoing trend toward consolidation among mid-sized and boutique VFX studios. By forming multi-territory alliances, companies seek economic stability, shared infrastructure, and broader client access in an increasingly volatile post-production market. It also provides access to different production incentive zones.
