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With a projected global market size of $9.66 billion by 2029, Virtual Production (VP) is quickly becoming the future of content creation and it is easy to understand why. VP is a process that integrates real-time digital imagery, projected on large LED walls with live-action filmmaking. Visual effects are also applied and captured in-camera in real time. The convergence of advanced LED technology, motion capture and real-time visual effects rendering, offers creatives new way of bringing remote locations onto a soundstage. With media professionals no longer relying on a specific location for filming, a world of possibilities opens for talent and companies in Singapore’s media industry to compete and flourish globally. Being a city-state, Singapore has few locations suitable for on-location filming and little available land on which to erect large sets. Virtual production removes location-related issues including road closures, location permits, space renting, set building, and weather-related challenges. There is a strong signal from media players that virtual production technology will be widely used in film and television production in Singapore and become the industry norm in the coming years. To help local media companies and professionals adopt this emerging technology and hold their own against global players, IMDA supports through many initiatives to advance the industry’s virtual production capabilities. Virtual production has gained momentum in Singapore, with several studios embracing its potential. One notable player is Oceanus Media Global (OMG), a local media tech company that actively explores virtual production techniques. In 2022, the company launched its first VP studio in Singapore which comes equipped with LED panels capable of generating photorealistic backgrounds and special effects, rendered using Epic Games’ Unreal Engine 4. By synchronizing the movements of physical and virtual cameras, the VP studio creates the illusion of individuals standing in front of the LED wall are part of the virtual world. OMG has also worked with various local companies to develop short-form VP content, lending its expertise in VP to augment production workflows and boost storytelling quality. Most recently, OMG expanded its presence in the region having opened its newest, state-of-the-art VP facility housed within Iskandar Malaysia Studios (IMS). One of the largest full-scale VP studios. Read more here - https://lnkd.in/gJX5kkxd

The Rise of Virtual Production Studios: A Market Poised for Growth The virtual production market is revolutionizing the entertainment industry. It blends traditional filmmaking techniques with cutting-edge technology to create immersive visual experiences. Virtual production combines real-time computer graphics, augmented reality, and advanced camera technologies, transforming how movies, TV series, commercial ads, and online videos are produced. Virtual production is a filmmaking technique that integrates physical and digital processes to create content in real-time. As per new report of Grand View Research, Inc., the global virtual production market was valued at approximately USD 2.11 billion. It is expected to grow at a compound annual growth rate of 18.6% from 2024 to 2030. This rapid growth is driven by the increasing demand for high-quality visual content and the need for more efficient production processes. Yes, virtual production is widely considered the future of content creation. As the technology continues to improve and become more accessible, it will play an increasingly vital role in how visual content is produced. The ability to create immersive, high-quality experiences in a more efficient and cost-effective manner makes virtual production an indispensable tool for the future of filmmaking and media production. The virtual production market is set to continue its rapid growth, driven by technological advancements and the increasing demand for high-quality visual content. With its wide-ranging applications across different stages of production and various entertainment mediums, virtual production is transforming how stories are told on screen. As the market evolves, it promises to bring even more innovative tools and techniques, further blurring the lines between the real and the virtual. https://lnkd.in/g69JueVi

Virtual production is so beneficial to multiple industries, that it is easy to conclude that many regions across the country should have access to an area virtual production studio. For film production, engineering, medicine, architecture, and more, it simply makes business sense.

Can you guess VFX SME company which started acquiring multiple Oscar, Emmy, and BAFTA award-winning studios? The company has incorporated a wholly-owned subsidiary company in London, UK. This will leverage the growth opportunities in the international market and avail the maximum benefit of the resources available. The business of the subsidiary is in line with the main object of business of the Company. The company has received work orders from Netflix (Netflix Worldwide Entertainment, Netflix US, and Netflix India Originals). VFX for Project includes Netflix-branded audio-visual content, whether produced directly by Netflix or licensed from a Licensor for exhibition on Netflix OTT. The period of the order is 4 years with an extension option for another 2 years. The estimated consideration of the order is INR 120 Cr over 4 years. Global VFX Industry: The global VFX market stood at US$ 26.64bn in 2020. It is expected to grow at a CAGR of 11% to reach US$ 49.83 by 2026. The key market segments in terms of application include movies, television, advertising, and gaming. North America, and in particular Hollywood movies have been driving the global VFX market. Key market players include Adobe, Autodesk, Blackmagic Design, Chaos Software, Corel, PIXAR, etc. This VFX company boasts aggressive and innovative management. Despite its humble market capitalization of 700 Cr (PE 32), it recently secured funds amounting to 80 Cr, which exceeds 10 times its market capitalization. Subscribers include BofA Securities Europe SA, Morgan Stanley Asia, Absolute Returns Scheme, Resonance Opportunities Fund, NAV Capital, and Rajasthan Global Securities. The company is currently in the process of acquiring multiple Oscar, Emmy, and BAFTA award-winning studios to an extent of 3 Mn USD. This strategic move solidifies its position as a global leader in the VFX industry. For the quarter ending Dec-23, Sales up 2x YoY from INR 12.9 Cr in Dec-22 to INR 26.1 Cr in Dec-23. Similarly, Net Profit is up 95% from INR 4.0 Cr to INR 7.8 Cr. On a QoQ basis, Sales up 50% and Net Profit up 79%. Do you not find it remarkable that a company valued at 700 Cr (PE 32) is achieving significant feats and executing outstanding business strategies with upward profit trends? This company is undertaking substantial capital expenditure, a move that many of our larger corporations shy away from. Does your company share the same DNA of innovation, strategic execution, profit growth, and solid value? I'm interested to hear your thoughts—please do share your views. . Follow me for interesting stories

Ever dreamt of directing in worlds beyond imagination? Virtual production (VP) is changing the game, blending filmmaking with cutting-edge tech like LED walls, AR, and CGI. It's like having a magic wand to create any scene you can dream up! ✨ But with great power comes great responsibility... ⚡ Rob Chandler, Founder of Starting Pixel, dives deep into what directors need to know to harness the power of VP without getting lost in the tech maze. Here's a taste of what you'll learn: * How VP expands your creative freedom (and challenges!) * Collaboration is key: working with VFX, VAD teams, and more * Pre-production is crucial: understanding "fix in pre" vs. "fix in post" * Innovative directing techniques: real-time environments, performance capture, AR * The future is bright: staying ahead of the tech curve and pushing storytelling boundaries Ready to level up your directing game? Learn more at: https://lnkd.in/e2pvqjvd #VueTech #ViRLL #directing

Interesting article on the new advancements in virtual production technology and how it's revolutionizing the way producers bring stories to life. The article provides valuable insights into how producers can adapt to this new era of filmmaking for social and TV and leverage virtual production tools to elevate the quality of their projects. 🌟 It's essential for producers to stay informed about these technological advancements to remain competitive in the industry and continue delivering exceptional content to audiences worldwide. #VirtualProduction #Producers #FilmIndustry 🎥

Check Out This Short Film Budget Template https://ift.tt/jqJop62 Creating a short film can be an exciting and rewarding endeavor. It's a great way to hone your skills and to really showcase your talents in a smaller arena. However, just like any project, it's crucial to plan and manage your finances effectively to ensure your project stays on track and within budget. So, we threw a little short film template together for you. It should have enough on there for you to accurately predict what this costs and to help your production run smoothly. Let's dive in. Short Film Budget Template Short Film Title: Total Budget Estimate: Date Created: ABOVE THE LINE (ATL) Story Rights (if applicable): Screenwriter Fees: Producer Fees: Director Fees: Principal Cast Fees: Casting Director Fees: Script Breakdown: SUBTOTAL ATL: BELOW THE LINE (BTL) – PRE-PRODUCTION Location Scouting: Permits and Insurance: Equipment Rental (Pre-Production): Production Design: Props: Set Dressing: Costumes: Makeup/Hair: Rehearsals: SUBTOTAL BTL PRE-PRODUCTION: BELOW THE LINE (BTL) – PRODUCTION Equipment Rental (Production): Camera: Sound: Lighting: Grip: Production Crew: Director of Photography: Sound Recordist: Gaffer: Grip: Production Assistants: Transportation/Fuel: Catering: Production Office: SUBTOTAL BTL PRODUCTION: BELOW THE LINE (BTL) – POST-PRODUCTION Editing: Sound Design and Mixing: Color Correction: Music (Composition/Licensing): Visual Effects: Festival Submission Fees: SUBTOTAL BTL POST-PRODUCTION: OTHER COSTS Contingency (10% of Total Budget): Marketing/Promotion: Fringe Costs (payroll taxes, etc.): SUBTOTAL OTHER: TOTAL PROJECT COST: NOTES: Line Item Detail: Break down larger categories (e.g., "Equipment Rental") into more specific items for better tracking. Contingency: Always budget for the unexpected. Research: Get quotes from vendors and compare prices to estimate costs accurately. Adjust: Be prepared to adjust your budget as the project progresses. Additional Tips: Software: Consider using budgeting software designed for film production (e.g., StudioBinder, Movie Magic Budgeting). Templates: Many free templates are available online to help you get started. Consultants: If you have a larger budget, consider hiring a production accountant or line producer to help manage your finances. Any we missed? Let me know in the comments. via No Film School https://ift.tt/mBydIZh July 22, 2024 at 10:03AM

Revolutionizing Filmmaking: Five Groundbreaking Apple Vision Pro Tools Apple is set to transform the video creation landscape with five innovative products for the Apple Vision Pro. Dive into the future of filmmaking with these cutting-edge tools. 1. Vision Pro Studio: The Ultimate Editing Suite Experience video editing like never before. Vision Pro Studio turns your workspace into a 360-degree editing environment, complete with gesture controls and advanced effects. Collaborate with team members in a shared AR space, making project management seamless and intuitive. 2. Vision Pro Live: Immersive Live Streaming Elevate your live broadcasts with Vision Pro Live. Streamers can create 3D environments for viewers to explore, while interactive overlays keep audiences engaged. Multi-angle capture and real-time editing tools ensure your stream is polished and dynamic. 3. Vision Pro Storyboard: Visualize Your Vision Pre-production just got a major upgrade. Vision Pro Storyboard lets filmmakers design and refine storyboards in a 3D space. Build virtual sets, position characters, and share your vision with the team, all within an immersive AR environment. 4. Vision Pro Remote: Direct from Anywhere Direct your shoots remotely with Vision Pro Remote. Control cameras, view live feeds, and provide real-time feedback as if you were on set. AR overlays help visualize and plan shots, ensuring your vision is executed perfectly, no matter where you are. 5. Vision Pro Post: Next-Level Post-Production Take post-production to new heights with Vision Pro Post. Edit in a 3D timeline, apply immersive effects, and perform precise color grading. The virtual soundstage offers spatial audio controls for an unparalleled sound editing experience. jobs.apple.com

In Virtual Production, there are many different workflows available that offer filmmakers the opportunity to achieve optimal content flexibility. Offering the flexibility of 3D workflows combined with the simplicity of 2D, 2.5D workflows are fast becoming a favourable choice for filmmakers. Read our blog to learn more about 2.5D workflows: https://lnkd.in/gC7MYpFa #2.5Dworkflows #virtualproduction

In Virtual Production, there are many different workflows available that offer filmmakers the opportunity to achieve optimal content flexibility. Offering the flexibility of 3D workflows combined with the simplicity of 2D, 2.5D workflows are fast becoming a favourable choice for filmmakers. Read our blog to learn more about 2.5D workflows: https://lnkd.in/gN8ZDCYJ #2.5Dworkflows #virtualproduction