R&H Sells to Prana
January 20th, 2014
An affiliate of Prana Studios has a deal in principle to buy the
bankrupt visual-effects company Rhythm & Hues, winning a turbulent,
two-day auction.
Prana is a computer-animation
and visual-effects company based in the United States with a wholly
owned subsidiary in Mumbai, India, where much of its animation is
produced. The company has worked on animation in Hoodwinked and done
visual effects for the 2010 Tron Legacy.
Earlier
in the day, Rhythm & Hues asked for and received an extension to
allow a previously disqualified bidder to re-enter the auction.
Rhythm
& Hues received final offers from Prime Focus and a Chinese
company. However, an attorney for the company told a bankruptcy court
judge that new information came to light that indicated that the bidder
had been shut out of the auction unnecessarily.
Related Posts
How to be successful in Animation & VFX Film Making - Insights by Mr. Ashish Kulkarni
To become a successful professional in the field of animation and VFX filmmaking, it is of utmost importance to understand that the industry is all about the art of effective storytelling.
January 18th, 2014 Read more
7Seas Entertainments Award-winning Physics based Online Ca
The Dark Man, a physics based shooting game developed by 7Seas Entertainment Limited (BSE - 7Seas scrip code 590116),a Hyderabad-based intellectual property-based game development company s increasingly gaining popularity online, including social networks like Facebook, indyarocks etc.
January 18th, 2014 Read more
