Updated 5:56 p.m. PDT As news swirled of layoffs and retrenchment across the visual effects industry, Rhythm & Hues studios was officially sold to an affiliate of Prana Studios. Prana is often called…
After a see-saw auction that lasted most of two days and nights, a holding company connected to Prana Studios has agreed in principle to acquire bankrupt visual effects studio Rhythm & Hues. Prana is…
What may simply seem like a buyer walking away from a deal to salvage struggling Rhythm & Hues Studios is turning out to be a lot more complex. Just a few days ago, JS Communications could hardly…
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Updated 8:58 p.m. PDT Bankrupt visual effects studio Rhythm & Hues announced this evening that Korean firm JS Communications, which had been the “stalking horse” bidder in the bankruptcy process, has…
TNT's "Dallas" hit a season high last night as it bid farewell to J.R. Ewing, drawing over 3.5 million viewers.
The head of the South Korean firm looking to snap up Rhythm & Hues revealed in an exclusive interview Sunday with Variety that he intends to keep the company going. David Shim is managing partner of…
Updated at 8:50 p.m. PST JS Communications of South Korea's “Stalking Horse” bid for bankrupt vfx firm Rhythm & Hues has been approved by the court. Peter Fishman of investment bank Houlihan Lokey…
We're hearing that the “stalking horse” bid for bankrupt Rhythm & Hues Studios is due tomorrow. That bid will set the floor for the selling price. Per bankruptcy court filings, further bids would…
Taiwan's Chunghwa Telecom is continuing its partnership with troubled vfx company Rhythm & Hues, despite the studio filing for Chapter 11 protection last week.
A bankruptcy judge has greenlit a plan for Universal and 20th Century Fox to provide up to $17.1 million in loan financing to allow vfx firm Rhythm & Hues to continue operating following its Chapter…