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VFX House Rhythm & Hues To File For Bankruptcy
Posted by Carlos Aguilar
Mon, Feb 11th, 2013
More bad news for the animation and vfx industry. A few days ago, it was reported that Dreamworks Animation would lay off 500 employees.
Now, Deadline reports that VFX and Animation house Rhytm & Hues will file for bankruptcy Monday morning. According to their sources, employees have already been informed about the upcoming Chapter 11 filing and they were told not to show up Monday morning for work.
Prime Focus were looking to acquire the company but apparently that deal fell through.
We'll have more updates soon..
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