Academy Award-winning visual effects and animation studio Rhythm & Hues was acquired out of bankruptcy today by a wholly-owned affiliate of Los Angeles-based Prana Studios, Inc. At a hearing held today in U.S. Bankruptcy Court in Los Angeles, Judge Neil Bason approved Prana Studios affiliate, 34x118 Holdings Inc., as the winning bidder after a two-day auction. Prana Studios Inc. is a U.S. animation and visual effects studio with offices in Los Angeles and Mumbai, India.
"Our partnership will allow R&H to continue the business of creating world-class digital imagery," said Jeffrey A. Okun, Senior Vice-President, VFX, Prana Studios. "While remaining a stand-alone company focusing on cutting-edge visual effects and innovative technology, R&H will be complimented by...
Read the full article at: Rhythm & Hues Acquired Out of Bankruptcy from ComingSoon.net - 30 most recent stories
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