Rhythm & Hues Taiwan studio to open by late March: manager
Central News Agency
2013-02-28 09:17 AM
Taipei, Feb. 27 (CNA) Rhythm & Hues Studios Inc. (R&H) will open its new facility in southern Taiwan by the end of March, even though its U.S. headquarters filed for court protection two weeks ago, a local executive said Wednesday. Plans to open a new studio in Kaohsiung remain unaffected, despite reports that the award-winning visual effects company is facing financial difficulties, said Mike Yang, manager of Rhythm & Hues Studios Taiwan Co. The two-story, 2,640 square-meter facility in Kaohsiung, now in the final stage of construction, will offer space to over 200 local and foreign artists and instructors over the next five years, Yang told CNA. "Actually, all the studios, including in Los Angeles and at four other locations, are operating," Yang said, adding that the studios are currently working on post-production for three Hollywood movies. Further, Yang expressed confidence in the capability of the California-based company, saying that over 10 parties have expressed interest in merging or acquiring it. R&H, he added, is turning its focus to developing or expanding studios in Canada and Southeast Asian countries, which either provide seductive tax incentives or cheap labor. "I'm sure we can get through the difficulties, as we are still one of the tops in this industry," the executive said. "Winning an Oscar just proved that." R&H, winning an Oscar for the 3-D movie Life of Pi, has a globally distributed production infrastructure with studios in Mumbai and Hyderabad, India, Kuala Lumpur, Malaysia and Vancouver, Canada. (By James Lee)
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