Breaking Down the World of 3D Animation News
Key Points:
– Companies in the VFX and animation industries are facing challenges due to the lasting effects of Covid-19, rising costs, and recent strikes.
– The impact of these factors has significantly affected businesses in the creative sector, including animation studios.
– Many companies are reevaluating their strategies and operations to navigate through these challenges effectively.
My Hot Take:
Navigating the rough seas of the animation industry is no easy task, especially when you throw Covid, rising costs, and strikes into the mix. It’s like trying to animate a high-stakes drama while juggling flaming torches – sure, it’s a spectacle, but it’s also a risky endeavor. As companies in this space strive to adapt and evolve, let’s hope they find their happy ending amidst all the plot twists and turns.
Like so many other companies operating across the VFX, animation and wider creative industries, we’ve been battling hard in the face of strong headwinds over the past twelve months. The long-tail impact of Covid, coupled with rising costs and the fall-out from the writer and actor strikes, have had a profound effect on our business.
Over recent months, we’ve been working closely with our key stakeholders to find a path forward, including exploring all options for sale and investment, with the aim of putting in place a strong financial platform upon which we can build. While we continue to engage in these discussions and explore our options, we have today taken legal steps to protect the position of the business while we strive to find a way forward.
We have so much to be proud of. We’ve worked on fantastic, ground-breaking projects with brilliant partners. And we want to thank our amazingly talented award-winning teams who day in, day out, strive to push creative boundaries with their innovative thinking and skill.
Jellyfish Pictures spokesperson
Original article: https://www.animationuk.org/news/statement-from-jellyfish-pictures/