From Bryant Frazer - Studio Blog: "It’s been a bad week for post-production in Los Angeles. First came word that the 11-year-old Asylum VFX house was closing its doors. Next, word came that Digital Domain had purchased stereo-3D specialist In-Three and was moving its operations to Florida. And finally, Variety reported that Technicolor was going to quit striking 35mm release prints in the U.S., consolidating its North Hollywood operations into a facility in Canada. I spoke this afternoon to the head of Asylum VFX, Nathan McGuinness, to ask what went wrong for his company."
Nathan McGuinness: What happened was we couldn’t compete with the rest of the world. We couldn’t compete with the tax incentives from other countries. The work I’ve seen coming from around the world, the U.K. especially, is stellar. Amazing. We could do the same, but we weren’t given the same playing field. The last days of Asylum, we were on the back foot trying to get forward. We were at capacity, with so much commercial work going on, movies prepping and movies running. It really confused the staff. “Why is Nathan saying we’ll shut the doors today?” It didn’t make any sense to people. But the problem for us is, being an independently run and funded company, I couldn’t — I just couldn’t keep up any longer.
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