Wild few days in the VFX industry. I can’t even keep up with the news. First off, a cliffhanger in bankruptcy court as DD fights for survival:
Digital Domain Media Group Inc .’s new chief executive, Ed Ulbrich, has found himself starring in a good old-fashioned cliffhanger, trying to save the award-winning special effects company that, virtually, helped sink the “Titanic” on the big screen and put deceased rapper Tupac Shakur back on stage.
FuelVFX looks like it may have a buyer:
All 80 Fuel VFX employees has been let go on the appointment of the administrators.
Administrators Jirsch Sutherland Partners said that while a number of salvage strategies had been canvassed including a possible white knight investor, the most likely scenario was now the sale of the business or assets following a recent call for expressions of interest.
A big piece of news that was missed by many is that DD Institute has suspended classes:
Digital Domain Institute has suspended its certification classes indefinitely, leaving 16 students in the lurch, the first in West Palm Beach to feel the effects of the digital animation company’s bankruptcy.