MUMBAI: Compact Disc India Ltd is producing two big budget Hollywood films jointly with iMedia Ventures Ltd, which has been a pioneer in digital entertainment. This group has presence in 28 countries with an annual turnover of $ 200 million.

The two films will be officially announced later this month in New York.

Compact Disc is also planning to expand its animation business by setting-up additional studios at Chennai and Thiruvananthapuram within the current financial year.