UK VFX home Jellyfish Footage has suspended all operations and is presently exploring choices for both a sale or massive scale funding.
The corporate launched an announcement late yesterday after information broke of the corporate halting operations within the native press in India, the place the corporate has a manufacturing outfit. The assertion stated the corporate had been “battling exhausting within the face of sturdy headwinds over the previous twelve months. The long-tail affect of Covid, coupled with rising prices and the fall-out from the author and actor strikes, have had a profound impact on our enterprise.”
“Over current months, we’ve been working intently with our key stakeholders to discover a path ahead, together with exploring all choices on the market and funding, with the goal of setting up a powerful monetary platform upon which we will construct,” the assertion stated. “Whereas we proceed to have interaction in these discussions and discover our choices, we’ve at present taken authorized steps to guard the place of the enterprise whereas we try to discover a manner ahead.”
Jellyfish first launched in 2001. The corporate had credit on many studio tasks like The Girl King, Watchmen, Star Wars: The Final Jedi, and Rogue One: A Star Wars Story alongside titles like Wes Anderson’s Asteroid Metropolis and The Fantastic Story Of Henry Sugar. They lately labored on the upcoming Black Mirror sequence and Kate Winslet’s Lee. As of June 2024, the corporate had additionally launched an outpost in Canada alongside it’s Indian off-shoot.
Jellyfish is the most recent VFX firm to halt operations. Final month, Technicolor filed for administration. The corporate’s world headcount was between 4,000-10,000.
