"The visual effects industry woke up Monday morning to news it had been dreading," Variety reported later that day. "One of its most admired companies, Rhythm & Hues, had been forced into bankruptcy."
R&H's "Life of Pi" (2012) just won four Visual Effects Society Awards, including the equivalent of Best Picture; as well as the BAFTA for visual effects. The company will file for Chapter 11 reorganization in Los Angeles.
They're laying off staff now, and the LA Times has more.
Boing Boing editor/partner and tech culture journalist Xeni Jardin hosts and produces Boing Boing's in-flight TV channel on Virgin America airlines (#10 on the dial), and writes about living with breast cancer. Diagnosed in 2011. @xeni on Twitter. email: firstname.lastname@example.org.