Cinesite toppers buy vfx house from Kodak

Private equity firm Endless teams on deal

LONDON U.K. private equity firm Endless LLP has teamed with the management of London-based digital vfx house Cinesite to acquire the company from its cash-strapped parent, Kodak.

The value of the deal was not disclosed but Cinesite toppers said it will provide the resources to expand business into new countries and diversify services.

Cinesite is one of the big four vfx houses in Soho, the capital’s film district. Its credits include the “Harry Potter” franchise, “John Carter,” “X-Men: First Class,” “Pirates of the Caribbean: On Stranger Tides” and the upcoming “Skyfall” and “World War Z.”

“I feel we are moving Cinesite into a new era,” said Cinesite managing director Antony Hunt. “The partnership with Endless is a great strategic move for both parties.

“This takeover sale will give us the opportunity we need to grow our talented team to ensure we remain at the forefront of the visual effects industry for many years.”

Endless managing partner Garry Wilson said, “Cinesite is one of the world’s most respected visual effects companies. We were truly impressed by the potential of their creative talent, breadth of blockbuster films and TV shows they have been involved in, and their BAFTA, Emmy and Oscar-winning work.”

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading