As it doubles down on animation and vfx, the conglomerate is hoping to double its animated feature output.
The media conglomerate has had a rough 2020, with production revenues falling 53.7% year-on-year in the third quarter.
The company, which is home to many vfx and animation studios, is $1.59 billion in debt.
An official statement says: “Covid-19 is changing the entertainment industry … The merger is a direct and necessary response.”
The company’s treatment of its staff is “grotesque” says a grassroots vfx workers rights organization.
Practical effects, digital make-up, and dry-for-wet filming helped make Guillermo del Toro’s ‘The Shape of Water’ possible.
Who’s going to be nominated for a vfx Oscar? And who might slip in through the back door? We do a comprehensive breakdown of the category.