Animal Logic buys assets of Fuel VFX
Australian independent post production house Animal Logic has bought the business assets of Fuel VFX, the visual effects company which went into voluntary administration in late August.
The acquisition means the foundation of a new company Animal Logic Fuel, trading still as Fuel VFX, with both companies operating with their own distinct identities and client relationships.
It is good news for the VFX industry which has struggled recently due to a high Australian dollar acting as a deterrent to Hollywood production houses.
The original five founders of Fuel, Jason Bath, Paul Butterworth, Andrew Hellen, Simon Maddison and Dave Morley will lead all aspects of the new business.
This is a fantastic result for both companies and our industry.
Well done Zareh, Jason, Paul, Andrew, SImon and Dave!