“I wanted to let you know that I recently spoke to one of my friends and colleagues who works (worked) at Animation Collective in NYC. It looks like they shut down shop (whole staff) because they couldn’t pay their employees. Larry Schwarz (CEO) told the staff that one of their contracted clients can’t pay them. Word on the street is that Animation Collective hasn’t paid their staff in four weeks! Another gloom sign in the animation world. Ugh. Can it get worse? I’m guessing yes.”
Can anybody provide more details about the situation? Let’s hope this is not true because it would be a disgraceful and unacceptable way for any studio to treat their employees.