Visual effects company that worked on Life of Pi, Lord of the Rings trilogy files for bankruptcy

Andrew Pulver of UK’s The Guardian reports that while the 85th Oscars was underway "several hundred people reportedly congregated outside the Dolby theatre in Los Angeles as the stars walked the red carpet, demanding better treatment for the artists who make the spectacular visuals for blockbuster movies possible."

Andrew Pulver of UK’s The Guardian reports that while the 85th Oscars was underway "several hundred people reportedly congregated outside the Dolby theatre in Los Angeles as the stars walked the red carpet, demanding better treatment for the artists who make the spectacular visuals for blockbuster movies possible." Pulver noted that  "the protest was planned after the well-known Rhythm & Hues effects house filed for Chapter 11 bankruptcy last week, shortly after winning [an award from] BAFTA (British Academy of Film and Television Arts) for its work on Life of Pi."

 

According to Pulver, "Rhythm and Hues’ troubles come despite working on a string of highly successful films, including The Lord of the Rings trilogy, Mr. Popper’s Penguins, and The Hunger Games, as well as winning two Oscars, for The Golden Compass and Babe."

 

Life of Pi director Ang Lee was named Best Director this year, while the movie’s visual effects team took home the Best Visual Effects award. However, Pulver revealed, "when the visual effects team behind Life of Pi attempted to draw attention to Rhythm and Hues’ plight during their acceptance speech, they were cut off by the band as the speech went on beyond the stipulated limit." Various reports point out that visual effects companies often have a meager profit margin (less than 5%) due to "overseas competition."

 

For more on this story, log on to The Guardian online.

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