ACK Media, which had bought rights to popular childrens magazines Amar Chitra Katha and Tinkle Magazine with the agenda of monetizing the content across platforms has now acquired a Bangalore based animation studio - Quietmen Studios, which will now be called Katha Studios. Samir Patil, CEO of ACK Media has said that it’s “not a very big deal”, and that they will also look at that they will also look at tie-ups with animation production studios and gaming companies. More at Animation Xpress.

SEE ALSO: ACK Media To Invest $15-20 Million In Developing And Monetizing Content Across Platforms

Patil has told Television Point that they’ll also look to target the 15+ age group “in the long term”...there’s speculation of portals like wetfeet.com, jobokplease.com (JAM Magazine) and pagalguy.com, as well as social networking sites including Minglebox ($7 million from Sequoia Capital) and lifetips.com…the company has refused to divulge details, and it really comes across as a bunch of hype building, unless the company has plans for developing (or acquiring) content targeting the 15+ age group.