Following weeks of speculation, the bankrupt VFX house behind many of the effects in Oscar winner Life of Pi has reportedly been sold to an Indian buyer. The Los Angeles Times reports that Rhythm & Hues has been sold to a company affiliated with effects and animation company Prana Studios, which beat out other potential buyers like Prime Focus, also based in India, to acquire the company. The news follows the September bankruptcy of Digital Domain, the VFX studio founded by James Cameron, and its subsequent acquisition by India-based Reliance MediaWorks, in partnership with China’s Galloping Horse.
Despite winning numerous awards and accolades for its visual effects over the years, Rhythm & Hues fell into Chapter 11 bankruptcy...
via The Verge - All Posts http://www.theverge.com/2013/3/29/4159914/life-of-pi-vfx-studio-reportedly-acquired-after-facing-bankruptcy
No comments:
Post a Comment