Variety – Prana wins auction for Rhythm & Hues
Hollywood Reporter – Prana to Acquire Rhythm & Hues
LA Times – Rhythm & Hues sold to Indian buyer
I questioned whether Prana had the capital to sustain a company like R+H. It turns out they are backed by some deep pockets including Mukesh Ambani who owns Reliance. Reliance Mediaworks own’s a stake in Digital Domain making R+H distant cousins if bankruptcy proceedings follow through.
Is it redundant to own 2 competing VFX facilities? Both have particular strengths: R+H is a leader in character animation and animals while DD is excellent at FX , compositing, and digital humans. Perhaps a merger might be prudent?
You never know these days. In the mean time, here’s hoping things turn out for the best for the workers at R+H and the former workers get paid.