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Thursday, January 12, 2012

Rhythm & Hues Expands to Taiwan

Exclusive: VFX studio in Taiwan pact
Rhythm & Hues to launch film investment fund, production facilities
By DAVID S. COHEN
Visual effects company Rhythm & Hues Studios has pacted for three new ventures in Taiwan: a film investment fund, a new visual effects facility and a cloud computing center for the vfx and animation industries.
The deals, to be formalized in signing ceremonies on Dec. 30 in Taipei and Dec. 31 in Kaohsiung, will set up three standalone enterprises.

The film investment fund, East Grand Films, is being set up with the help of Taiwan's Ministry of Economic Affairs. It aims to co-finance and co-produce "major Hollywood motion pictures," according to R&H. East Grand will leverage R&H's Hollywood relationships to find investment opportunities.

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