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| Hollywood
producers to set up a studio in Chennai |
April
05, 2006 |
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Chennai will soon have a state of the art VFX
studio promoted by Barry Osborne and Michael
Pfizer and a Chennai based professional, Madhusudanan.
Barry, who is best known as the producer of
the megalithic Lord of the Rings and his friend
Mike who produced Speed 2 expressed happiness
over the launch. They said that the facility
would cost about 20 million dollars and would
have about 50 professionals to start with. The
20,000 square feet studio in Chennai would be
formally inaugurated in May 2006. The team would
be headed by John Labrie, ex-CTO of Weta Digital
which did most of the VFX work for the Lord
of the Rings.
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India,
especially Chennai is becoming the preferred outsourcing
destination for animation and digital effects
work thanks largely due to the creative, talented
professionals and strong work ethic. Several Indian
like Free Flow, Visual Computing Labs, Rhythm
& Hues and Prime Focus are getting a big share
of work from Hollywood filmmakers. The $15 million
visual effects outsourcing industry is estimated
to grow to $95 million by 2009, according to NASSCOM.
Studios abroad save up to 30-40 per cent of costs
by outsourcing. |
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