Friday, May 30, 2014

Animation and visual effects studio Sony Pictures Imageworks has confirmed what many in the industry had suspected for a long while: the studio is moving its headquarters from Los Angeles to Vancouver, Canada to take advantage of generous tax credits provided by the Canadian government. This move, combined with Digital Domain’s jump to Vancouver and Rhythm & Hues’ bankruptcy, prompted Variety’s VFX chronicler David S. Cohen to say that the Los Angeles feature film visual effects industry is “in full collapse.
The new Vancouver studio will be located in the Pacific Centre shopping mall, directly above a Nordstrom department store. Expected to be fully operational by 2015, the studio will have the capacity to house 700 employees.

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