Pixomondo Shuts Down London and Detroit Studios
News of companies closing down are always sad, as it means that people with families to support will be losing jobs in a time when finding a new one isn’t as a easy as it was a couple of decades ago. It’s especially disheartening if it’s VFX and animation studios, as their industry is currently reeling from financial hardships (even big name ones like DreamWorks have had to resort to massive layoffs) and lack of support from the government.
The latest one to fold is the London and Detroit shops of International VFX studio Pixomondo, which was responsible for last year’s VFX Oscar winner, Hugo. According to a report from Variety, UK tax authorities have already filed a “winding up” petition against Pixomondo for non-payment of taxes, which amounts to a request that the London operation be declared bankrupt involuntarily. Pixomondo founder Thilo Kuther reportedly said his company has already established a payment plan for said taxes.
There’s currently no word on the fate of the mean for the Los Angeles-headquartered company, which according to its website still maintains offices in Berlin, Beijing, Frankfurt, Sao Paulo, Stuttgart, Baton Rouge, Shanghai, Munich, Toronto, Burbank, and Hamburg.
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